At the Beginning of the Current Year, Trenton Company's Total

Multiple Choice

At the beginning of the current year, Trenton Company's total assets were $248,000 and its total liabilities were $175,000. During the year, the company reported total revenues of $93,000, total expenses of $76,000 and owner withdrawals of $5,000. There were no other changes in owner's capital during the year and total assets at the end of the year were $260,000. Trenton Company's debt ratio at the end of the current year is:

A) 1.42%.
B) 70.6%.
C) 48.6%.
D) 67.3%.
E) 32.7%.