Fibonacci Property Management's Balance Sheet Shows Total Liabilities of $5

Multiple Choice

Fibonacci Property Management's balance sheet shows total liabilities of $5 million and total assets of $13 million. Interest bearing liabilities total $3 million (book value) . Excess cash $500,000. The market value of Fibonacci's equity is $21 million. Fibonacci's Debt to Enterprise Value ratio is

A) .38.
B) .23.
C) .125.
D) .106.