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Data from the financial statements of Nancarrow Brothers Co. and J. C Murphy, Inc. are presented below (in millions): Nancarrow Brothers Co. J. C Murphy,
Data from the financial statements of Nancarrow Brothers Co. and J. C Murphy, Inc. are presented below (in millions):
Nancarrow Brothers Co. | J. C Murphy, Inc. | |
Total liabilities, 2019 | $70,914 | $47,422 |
Total liabilities, 2018 | 72,208 | 60,092 |
Total assets, 2019 | 100,372 | 73,744 |
Total assets, 2018 | 94,114 | 70,416 |
Net Sales, 2019 | 306,932 | 163,040 |
Net income, 2019 | 280 | 1,572 |
To the nearest hundredth, what is the 2019 debt-to-total assets ratio for Nancarrow Brothers Co.?
Select one:
A. 44.16
B. 0.26
C. 3.78
D. 0.71
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