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 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. The company's debt ratio at the end of the current year is:
A. 67%.
B. 32%.
C. 142%.
D. 70%.
E. 48%.
Answer: A
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