The company entered into the following transactions during the year. January 15 Issued 10,000 shares of $1 par common stock for $60,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,100 shares of $1 par common stock into treasury for $34,100 cash. March 15 Reissued 2,100 shares of treasury stock for $25,100 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a \$1 cash dividend on each outstanding share of conmon stock. October 1 Issued 100,10 -year, $1,060 bonds, at a quoted bond price of 101 . October 3 Wrote off a $1,500 batance due from a customer who went bankrupt. December 29 Recorded $240,000 of service revenue, all of which was collected in cash. Decenber 30 Paid $210,000 cash for this year's wages through Decenber 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10,060 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.) Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.) The company entered into the following transactions during the year. January 15 Issued 10,000 shares of $1 par common stock for $60,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,100 shares of $1 par common stock into treasury for $34,100 cash. March 15 Reissued 2,100 shares of treasury stock for $25,100 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a \$1 cash dividend on each outstanding share of conmon stock. October 1 Issued 100,10 -year, $1,060 bonds, at a quoted bond price of 101 . October 3 Wrote off a $1,500 batance due from a customer who went bankrupt. December 29 Recorded $240,000 of service revenue, all of which was collected in cash. Decenber 30 Paid $210,000 cash for this year's wages through Decenber 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10,060 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.) Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.)