At the Beginning of the Current Year,Snell Co

Multiple Choice

At the beginning of the current year,Snell Co.total assets were $248,000 and its total liabilities were $174,200.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 equity during the year and total assets at the end of the year were $260,000.The company's debt ratio at the end of the current year is:

A) 70%.
B) 67%.
C) 32%.
D) 48%.
E) 142%.