Question

On December 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. That same company had assets of $20 billion and stockholders' equity of $9 billion as of December 31, 2016. During 2016, the company reported total sales revenue of $9 billion and total expenses of $7 billion. What is the company's debt-to-assets ratio on December 31, 2016?

A) 0.55

B) 0.45

C) 0.035

D) 0.01

Answer

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