At the Beginning of the Current Year, Trenton Company Inc

Multiple Choice

At the beginning of the current year, Trenton Company Inc.'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 dividends of $5,000. There were no other changes in stockholders' equity 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) 70.6%.
B) 67.3%.
C) 32.7%.
D) 48.6%.
E) 1.42%.