Calculate Debt to Assets Ratio A company has current assets of $155,900 and total assets of $378,000. Current liabilities are $121,500 and total liabilities are $265,350. Required: Calculate the company's debt to assets ratio. Round your answer to two decimal places. _________________ Which of the following best describes the company's debt to assets ratio: The ratio shows the cents on every dollar of assets are generated through sales. The ratio shows cents on every dollar of assets are generated through liabilities. The ratio shows cents on every dollar of assets are generated through equity. The ratio shows cents on every dollar of liabilities are generated through assets. _________________