单选题 An analyst does research about financial ratios and learns POP manufacturing company has financed its short-term liquidity by issuing debt. Which of the following ratios most likely has the greater sensitivity to a change in shareholders' equity?
A. Sale-to-asset.
B. Debt-to-equity.
C. Debt-to-capital.

【正确答案】 B

【答案解析】[解析] Debt-to-equity中分母是equity，因此当equity变化时，比值会变化很大，而对于Debt-tocapital和Sale-to-asset中的capital及asset而言，equity只占其一部分而已，因此equity的变动对Debt-to-capital和Sale-to-asset的影响没有对Debt-to-equity的影响大。