Which of the Following Is Not a True Statement

Which of the following is not a true statement?

A) The debt to equity ratio measures a company's risk and is calculated as total liabilities divided by stockholders' equity.
B) Leverage enables a company to earn a higher return using debt than without debt.
C) Return on assets is calculated as net income divided by the ending balance for total assets.
D) The times interest earned ratio compares interest expense with income available to pay interest charges.