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The 2010 financial statements of Harper Co. contain the following selected data (in millions). Current Assets $75 Total Assets 120 Current Liabilities 40 Total Liabilities

The 2010 financial statements of Harper Co. contain the following selected data (in millions). Current Assets $75 Total Assets 120 Current Liabilities 40 Total Liabilities 85 Cash 8 Interest Expense 5 Income Taxes 10 Net Income 16 The debt to total assets ratio is a. 53.3%. b. 1.41%. c. 6.2 times. d. 70.8%.

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