Picasso's Paints had total assets of $600,000; total liabilities of $280,000; and total Stockholders' Equity of $320,000. Picasso's debt ratio is: (Round your final answer to the nearest whole number.)
A) 88%.
B) 53%.
C) 47%.
D) 36%.
C) 47%.
Explanation: total liabilities/total assets; ex: $280,000/$600,000 = 47
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