B is correct. Goodwill makes up 40% of total assets; therefore, the company has made significant acquisitions at some point because goodwill is only recognized during acquisitions.
Leverage is below the industry average for both the debt-to-equity ratio of 40% [(20.1 + 1.6)÷54] versus the industry average of 50% and long-term debtto-equity ratio of 37% (20.1 ÷ 54) versus the industry average of 40%. The low PP&E and inventory levels also indicate the company is not likely a manufacturer.