Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets Current liabilities Average assets Total assets $47100

Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets Current liabilities Average assets Total assets $47100 14000 Stockholders' equity62000 26200 $24000Net income 137200Total liabilities 88200 Average common shares outstanding was 17000 D 19.1 percent 30 percent 37.2 percent 41 percent

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