Question: Granger Ltd . reported the following information on their most recent statement of financial position: Current assets $ 2 0 0 , 0 0 0

Granger Ltd. reported the following information on their most recent
statement of financial position:
Current assets $200,000
Total assets 797,000
Current liabilities 160,000
Total equity 350,000
To the nearest percent, what is Granger's debt to total assets?
A)20%
B)44%
C)56%
D)80%

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