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The following balance sheet information is provided for Santana Company for Year 2: Assets Cash $ 5,400 15,500 18.000 1,600 Accounts receivable Inventory Prepaid expenses

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The following balance sheet information is provided for Santana Company for Year 2: Assets Cash $ 5,400 15,500 18.000 1,600 Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land 20,200 19,950 $ 80,650 Total assets Liabilities and Stockholders' Equity $ Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity 4,500 11,500 19,000 30,000 15,650 $ 80,650 What is the company's debt to asset ratio? (Round your answers to the nearest whole percent.) 20% O 24% O 100% 43%

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