-Refer to Table 4 -2. The Debt to Total Assets ratio for 2008 was approximately
A) 0.51.
B) 0.36.
C) 1.95.
D) 0.71.

Name: -Refer to Table 4 -2. The Debt to Total Assets ratio for 2008 was approximately A) 0.51. B) 0.36. C) 1.95. D) 0.71.
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Question

-Refer to Table 4 -2. The Debt to Total Assets ratio for 2008 was approximately
A) 0.51. 
B) 0.36. 
C) 1.95. 
D) 0.71.

Quizplus · Accepted Answer

The Debt to Total Assets ratio is calculated by dividing total debt by total assets. The correct ratio for 2008 is approximately 0.51, indicating that 51% of the company's assets were financed by debt.