Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues$208,000? Expenses 164,800? Net Income $43,200? Current Assets$54,000? Long-term Assets 162,000? Total Assets $216,000? Current Liabilities$26,000? Long-term Liabilities 84,000? Total Liabilities 110,000? Common Stock$44,000? Retained Earnings 62,000? Total Equity 106,000? Total Liabilities and Equity $216,000? What is the company's debt-to-assets ratio?
A. 10%
B. 51%
C. 38%
D. 20%
Answer: B
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