The 2017 financial statements of Sunland Company contain the following selected data (in millions). Current assets $75
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Question:
The 2017 financial statements of Sunland Company contain the following selected data (in millions).
Current assets $75
Total Assets 185
Current liabilities 39
Total liabilities 64
Cash 9
Interest expense 4
Income taxes 11
Net income 13
The debt to assets ratio (rounded) is?
a)34.6%
b)2.89%
c)52.0%
d)7.7 times
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