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

Multiple Choice

At the beginning of the current year, Taunton 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. Taunton 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) Cannot be determined from the information provided.