Step 1: Write the standard second-order characteristic equation.
The standard form is
\[
s^2+2\zeta\omega_n s+\omega_n^2=0,
\]
where
\[
\zeta=\text{damping ratio},
\]
and
\[
\omega_n=\text{natural frequency}.
\]
Step 2: Compare with the given equation.
Given,
\[
s^2+4.8s+16=0.
\]
Comparing,
\[
\omega_n^2=16,
\]
\[
\omega_n=4.
\]
Also,
\[
2\zeta\omega_n=4.8.
\]
Hence,
\[
2\zeta(4)=4.8.
\]
\[
8\zeta=4.8.
\]
\[
\zeta=\frac{4.8}{8}=0.6.
\]
Therefore,
\[
\boxed{0.6}
\]
is the damping ratio.
Thus,
\[
\boxed{(B)}
\]
is the correct answer.