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The 2017 financial statements of Carla Vista Co. contain the following selected data (in millions). Current assets $97 Total assets 165 Current liabilities 39 Total
The 2017 financial statements of Carla Vista Co. contain the following selected data (in millions).
Current assets | $97 |
Total assets | 165 |
Current liabilities | 39 |
Total liabilities | 68 |
Cash | 4 |
Interest expense | 6 |
Income taxes | 8 |
Net income | 16 |
The debt to assets ratio (rounded) is
A. 2.43%
B. 6.9 times
C. 41.2%
D. 40.2%
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