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The 2017 financial statements of Blossom Company contain the following selected data (in millions) Current assets $76 Total assets 175 Current liabilities 43 Total liabilities
The 2017 financial statements of Blossom Company contain the following selected data (in millions)
Current assets $76
Total assets 175
Current liabilities 43
Total liabilities 82
Cash 7
Interest expense 5
Income taxes 10
Net income19
what is the debt to assets ratio?
a) 2.13%.
b) 6.0 times.
c) 46.9%.
d) 56.6%.
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