Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $21800 $42900 Current liabilities 12400 Net income

Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $21800 $42900 Current liabilities 12400 Net income Stockholders' equity Total liabilities 64000 Average assets Total assets 133600 91000 25000 Average common shares outstanding was 18000 O 18.7 percent O 34.1 percent 38.4 percent O 27.5 percent

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