The 2017 Financial Statements of Harper Co The Debt to Assets Ratio Is
A)45

Multiple Choice

The 2017 financial statements of Harper Co. contain the following selected data (in millions) . $$\begin{array} { l r } \text { Current assets } & \$ 90 \\\text { Total assets } & 160 \\\text { Current liabilities } & 45 \\\text { Total liabilities } & 72 \\\text { Cash } & 8 \\\text { Interest expense } & 5 \\\text { Income taxes } & 10 \\\text { Net income } & 16\end{array}$$ The debt to assets ratio is

A) 45.0%.
B) 50.0%.
C) 2.22%.
D) 6.2 times.