11 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2 points 2018 2017 Skipped $13,300 $10,300 17,800 13,800 9,800 15,300 25, 300 11,300 $66,200 $50.700 eBook Print References $15,800 $12,300 14,800 10,300 $30, 600 $22,600 $96,800 $73,300 Assets Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $14,300 $ 8,200 8, 200 6.300 $ 22,500 $14,500 23,300 21,800 $45,800 $36, 300 $22,300 $22, 200 28,700 14,800 $51,000 $37,000 $96,800 $ 73,300 Calculate the total debt to total assets ratio. (Round your answers to the nearest hundredth.) Total debt to total assets ratio