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

Business

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