The Following Data (In Millions) Is Given for Magenta Inc

question 74

Multiple Choice

The following data (in millions) is given for Magenta Inc.for the current year. $$\begin{array} { l l } \text { Total assets } & \$ 720,000 \\\text { Total liabilities } & \$ 411,000 \\\text { Total stockhol ders' equity } & \$ 309,000\end{array}$$ ? Compute the debt ratio.(Round to the nearest whole number.)

• A) 10%
• B) 44%
• C) 57%
• D) 75%

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