A company has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio. A. 35.1% B. 26.0% C. 38.5% D. 28.5% E. 58.8% 112. A company has total liabilities of $550 million and total equity of $300 million. Calculate this company's debt ratio.