Modern Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables $155,000 $145,000 Merchandise Inventory 205,000 160,000 Property, Plant and Equipment, net 850,000 730,000 Total Assets $1,210,000 $1,035,000 Total Liabilities $535,000 $475,000 For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.)