The following information is for SimClo Inc.

Partial Balance Sheet:

Cash $20$

Accounts receivable $1,000$

Inventories $2,000$

Total current assets $3,020$

Net fixed assets $2,980$

Total assets $6,000$

Income Statement:

Sales $10,000$

Cost of goods sold $8,000$

EBIT $2,000$

Interests $400$

EBT $1,600$

Taxes $640$

Net Income $960$

tax rate $40\%$

Interests rate on outstanding debt $10\%$

Industry measures:

Days Sales Outstanding $($DSO$)$: $40$

Inventory turnover: $6$

SimClo Inc. plans to change its inventory policy so as to cause its inventory turnover to be equal to the industry average, and this change is expected to have no effect on either sales or cost of goods sold. If the cash generated from reducing inventories is used to retire debt $($which was outstanding all last year$),$ what will SimClo's new debt$-$to$-$asset ratio be after the change in inventory turnover is reflected in the balance sheet?

Question $10$ options:

$60\mathrm{.}00\%$

$64\mathrm{.}29\%$

$62\mathrm{.}50\%$

$55\mathrm{.}56\%$

$46\mathrm{.}43\%$

$43\mathrm{.}33\%$

$43\mathrm{.}75\%$

$38\mathrm{.}89\%$