Selected Financial Information Presented Below Was Obtained from the Financial

Multiple Choice

Selected financial information presented below was obtained from the financial statements of Terripin Industries: $\begin{array}{lr}\text { Current Assets } & \$ 80,000 \\\text { Property and Equipment, net } & 120,000 \\\text { Current Liabilities } & 90,000 \\\text { Noncurrent Liabilities } & 70,000 \\\text { Stockholder's Equity } & 40,000 \\\text { Sales Revenue } & 100,000 \\\text { Net Income } & 36,000\end{array}$ What is the debt-to-assets ratio?

A) 0.35
B) 0.80
C) 0.20
D) 1.00