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I don't understand how the correct answer is C. Could you explain it to me please Question: Debt to Total Assets Ratio A company has

I don't understand how the correct answer is C. Could you explain it to me please image text in transcribed
Question: Debt to Total Assets Ratio A company has $500,000 in current assets and $1,500,000 in fixed assets. Its paid-in capital is $100,000 and retained earnings are $1,500,000. What is its debt to total assets ratio? a. 0.27 b. 0.15 c. 0.2 d. 5 Answer: c

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