Data from the financial statements of Crafty Crafts and Hobbies, Inc. are presented below (in millions):

To the nearest hundredth, what is the 2016 debt-to-total-assets ratio for Crafty Crafts:

Crafty Crafts Hobbies, Inc.

Total liabilities, 2016 $31,957 $25,461

Total liabilities, 2015 36,104 30,046

Total assets, 2016 50,186 36,872

Total assets, 2015 47,054 35,208

Revenue, 2016 153,466 81,702

Net income, 2016 210 1,179

To the nearest hundredth, what is the 2016 debt-to-total assets ratio for Crafty Crafts?

a. 0.64

b. 0.26

c. 3.78

d. 44.16