In the past year, Sheridan Corporation reported assets of $$229999000.$ Liabilities reported on the balance sheet on the same date were reported at $$68994545.$ Sheridan issued a new note payable for cash during the year. The $8\%,5-$year note was issued at a face value of $$5044000.$ What is the company's debt to asset ratio after the refinance?

$29\mathrm{.}35\%$

$31\mathrm{.}50\%$

$30\mathrm{.}00\%$

$32\mathrm{.}19\%$