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Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions): Total liabilities, Year 2 Total liabilities, Year 1
Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions): Total liabilities, Year 2 Total liabilities, Year 1 Total assets, Year 2 Total assets, Year 1 Net Sales, Year 2 Net income, Year 2 Creel Crafts Finger Projects, Inc. $47,940 54,160 87,830 82,350 230,200 4,200 $38,190 45,070 64,530 61,610 122,550 2,360 To the nearest hundredth, what is the Year 2 debt-to-total assets ratio for Creel Crafts?
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