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The 2017 financial statements of Crane Company contain the following selected data (in millions). Current assets $87 Total assets171 Current liabilities54 Total liabilities62 Cash5 Interest

The 2017 financial statements of Crane Company contain the following selected data (in millions).

Current assets $87

Total assets171

Current liabilities54

Total liabilities62

Cash5

Interest expense5

Income taxes8

Net income13

The debt to assets ratio (rounded) is

a)2.76%.

b)8.1 times.

c)36.3%.

d)62.1%.

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