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The Following Partial Balance Sheet Is Provided for Groome Company

question 133

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The following partial balance sheet is provided for Groome Company: What is the company's debt to assets ratio (rounded to nearest whole percent) ?
 Liabilities and Stockholders’ Equity  Accounts payable $9,000 Salaries payable 12,000 Bonds payable (Due in 2020)  20,000 Common stock, no par 30,000 Retained earnings 54,000 Total liabilities and stockholder’ equity $125,000 Total liabilities and stockholder’ equity $125,000\begin{array}{l}\begin{array} { | l | r | } \hline \text { Liabilities and Stockholders' Equity }\\\hline \text { Accounts payable } & \$ 9,000 \\\hline \text { Salaries payable } & 12,000 \\\hline \text { Bonds payable (Due in 2020) } & 20,000 \\\hline \text { Common stock, no par } & 30,000 \\\hline \text { Retained earnings } & 54,000 \\\hline \text { Total liabilities and stockholder' equity } & \$ \quad 125,000 \\\hline \text { Total liabilities and stockholder' equity }&\$125,000\\ \hline\end{array}\end{array}

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