At the beginning of the current year, Trenton Company's total assets were $274,000 and its total liabilities were $188,000. During the year, the company reported total revenues of $119,000, total expenses of $89,000 and dividends of $18,000. There were no other changes in equity during the year and total assets at the end of the year were $286,000. Trenton Company's debt ratio at the end of the current year is:
A. 68.6%.
B. 1.52%.
C. 34.3%.
D. 52.1%.
E. 65.7%.
Answer: E
Business
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