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Question 7 (The following information applies lo the questions displayed below] Not yet answered Marked out of 1.00 The current balance sheet of Gamma reports total assets of $30 million, total liabilities of $3 million, and owners' equity of $27 million. Gamma is considering several financing possibilities in order to expand operations. Each question based on Flag question this data is independent of any others. Assume Gamma borrows $5 million to finance its expansion. Gamma's debt ratio immediately after the borrowing will be (rounded). Select one a. 0.11 b. 0.23. c.0 30. d. 0.35