At the beginning of the current year, Snell Co. total assets were $260,000 and its total liabilities were $180,200. During the year, the company reported total revenues of $105,000, total expenses of $82,000 and dividends of $11,000. There were no other changes in equity during the year and total assets at the end of the year were $272,000. The company's debt ratio at the end of the current year is:

A. 50.9%.
B. 66.3%.
C. 33.8%.
D. 69.3%.
E. 144.00%.


Answer: B

Business

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