Gi Gi's Bakery Has Total Assets of $425 Million

Multiple Choice

Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.

A) 25.9%.
B) 14.9%.
C) 38.6%.
D) 34.9%.
E) 13.4%.