The 2017 financial statements of Crane Company contain the following s


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The 2017 financial statements of Crane Company contain the following selected data (in millions). Current assets $87 Total assets 171 Current liabilities 54 Total liabilities 62 Cash 5 Interest expense 5 Income taxes 8 Net

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The 2017 financial statements of Crane Company contain the following selected data (in millions).
Current assets $87

Total assets 171

Current liabilities 54

Total liabilities 62

Cash 5

Interest expense 5

Income taxes 8

Net income 13

The debt to assets ratio (rounded) is

a) 2.76%.

b) 8.1 times.

c) 36.3%.

d) 62.1%.

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