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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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