You are given the following information. What is your debt-to-asset ratio?

• Annual disposable income: $45,000
• Current liabilities: $1,000
• Annual savings: $2,400
• Long-term assets: $85,000
• Long-term liabilities: $16,400
• Current ratio: 2

Select one:

a.

0.22

b.

0.21

c.

0.20

d.

0.19