At the beginning of the current year, Trenton Company’s total assets were $248,000 and its total liabilities were $175,000. During the year, the company reported total revenues of $93,000, total expenses of $76,000 and dividends of $5,000. There were no other changes in equity during the year and total assets at the end of the year were $260,000. Trenton Company’s debt ratio at the end of the current year is:
A) 70.6%.
B) 67.3%.
C) 32.7%.
D) 48.6%.
E) 1.42%.
B) 67.3%.
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