Burt Company presented the following data at the end of the year: Current liabilities 400,000 Long-term debt 2,200,000 Deferred income taxes 800,000 Preferred stock 320,000 Common stock 1,420,000 Retained earnings 1,080,000 Determine the debt-to-total assets ratio for Burt Company.
A. 0. 38
B. 0. 08
C. 0. 55
D. 0. 66