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What is the debt to assets ratio

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Question - The 2017 financial statements of Blossom Company contain the following selected data (in millions)

Current assets $76

Total assets 175

Current liabilities 43

Total liabilities 82

Cash 7

Interest expense 5

Income taxes 10

Net income19

What is the debt to assets ratio?

a) 2.13%.

b) 6.0 times.

c) 46.9%.

d) 56.6%.

Reference no: EM131670778

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