Mizu Company prepared the following balance sheet:

Mizu Company

Balance Sheet

December 31, 20X3

Current Assets: Current Liabilities:

Cash $ 6,000 Accounts Payable $ 3,000

Accounts Receivable 4,000 Wages Payable 2,000

Inventory 14,000 Total Current Liabilities $ 5,000

Total Current Assets 24,000 Long-term Bond Payable 24,000

Total Liabilities $29,000

Long-term Assets: Stockholders' Equity:

Fixed Assets $60,000 Common Stock $ 12,000

Accumulated Depr. (17,000) Retained Earnings 26,000

Net Fixed Assets 43,000 Total Stockholders' Equity 38,000

Total Assets $67,000 Total Liabilities &

Stockholders' Equity $67,000

What is the long-term-debt-to-total-capital ratio for Mizu Company at December 31, 20X3?