Winters, Inc. has current assets of $52,300, long-term assets of $264,700, current liabilities of $39,600, and long-term debt of $159,700. What is Winters' debt ratio? (Round your final answer to two decimal places, X.XX%.)
A) 75.29%
B) 50.38%
C) 62.87%
D) 60.33%
C) 62.87%
Explanation: (current + long-term liabilities)/(current + long-term assets); ex: ($39,600 + $159,700) / ($52,300 + $264,700) = $199,300/ $317,000 = 62.87%
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