C11-1 (Algo) Financial Reporting of Depreciation, Write-off, Bond Issuance and Common Stock Issuance, Purchase, Reissuance, and Cash Dividends [Chapters 4, 8, 9, 10, and 11) [ LO 4-2, 4-5, 8-2, 9-3, 10-3, 11-2, 113] Natonal Companies, reported the following account balances on January 1. The company entered into the following transactions during the year. January 15 Insued 20,000 shared of $1 par cocmon ntock for 500,000 cash. Janeaty 31 Collectod $3,000 frot duatorters on accoune. Feberaty 15 lieaceulred 3,300 mbarem of 51 par comeon acock 2nto treasury for 536,300 cash. Aagust 15 Relistind 800 shares of terasury stock for $4,600 cash: Peptember. 15 Deolared fbut did pot yet payl a sl eash dividend on each ouratandinp bhare of eothou ntock. oetober 1 I Ilisud 100 , 10 -yeat, 91 , 160 honde, at a quoted bosd price ot 101. october 3 Wrote off a 51,500 bulance due fran a custocor who went bankrupt. pecenber 29.pecorded $2.60,000 of norvice revetue, all of which vaa collected in cash. December 36 paid $230;000 cath for thin year' a wingen through becerber. II. \&Tgnore payroli tayce and payroll. dedtuctichis is Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.)