Debt-to-Total-Assets Ratio Ruby Company's balance sheet reports the following totals: Assets = $70,000; Liabilities = $40,000; Stockholders' Equity = $30,000. Determine the company's debt-to-total-assets ratio. Oa. 42.9% Ob. 57.1% Oc. $30,000 Od. 133.3%

Debt-to-Total-Assets Ratio Ruby Company's balance sheet reports the following totals: Assets =$70,000; Liabilities =$40,000; Stockholders' Equity =$30,000. Determine the company's debt-to-total-assets ratio. a. 42.9% b. 57.1% :. $30,000 d. 133.3%