The 2014 Financial Statements of Harper Co

Multiple Choice

The 2014 financial statements of Harper Co. contain the following selected data (in millions) . Current assets $ 90
Total assets 160
Current liabilities 40
Total liabilities 75
Cash 8
Interest expense 5
Income taxes 10
Net income 16
The debt to assets ratio is

A) 46.9%.
B) 44.4%.
C) 2.13%.
D) 6.2 times.