In the past year, Cullumber Corporation reported assets of $232046000. Liabilities reported on the balance sheet on the same date were reported at $68944592. Cullumber issued a new note payable for cash during the year. The 8%,5-year note was issued at a face value of $5020000. What is the company's debt to asset ratio after the refinance? 29.08%31.87%31.20%29.71%