The following is the alphabetical adjusted trial balance of Meadows Company on December 31, 2019: Accounts Payable Accounts Receivable Accrued Payables Cash Accumulated Depreciation Accumulated Other Comprehensive Loss 1,000 Additional Paid-in Capital Common Stock, $5 par Cost of Goods Sold Current Portion of Long-Term Debt Deferred Taxes Payable Dividends Distributed General Expenses Income Tax Expense Income Taxes Payable Interest Expense Inventories Investment in Held-to-Maturity Bonds Long-Term Debt Long-Term Receivables Marketable Securities (short-term) Patents (net) Prepaid Insurance Property, Plant, and Equipment Retained Earnings, 1/1/19 Sales Debits Selling Expenses $ 19,000 7,900 179,500 7,000 27,560 12,340 4,300 32,000 36,000 38,600 10,200 13,000 5,000 148,000 Credits $9,800 6,600 44,000 50,600 29,600 6,200 12,500 > 7,500 56,600 69,500 270,000 21,500 $562,900 $562,900

Assets Current. Assets: Gash: Marketable securities (shorteterm). Accounts receivable: Inventories:- Prepaid insurance: Total current assets s Long-Term Investments: Investment in held-to-maturity bonds - s teng-term recelvables:- Property, Plant, and Equipment: Property, plant, and equipment - Less: Accumulated depreciation.- Intang ble Assets: Patents (net) : Total Assets Liabulities Current Labilities: Accounts parable: Accrued payables: Income taxes parable: Total current llabilities Long-Term Labilities: Qther Liabilities: Total Labilities Shareholders' Equity Contnbuted Capital: Total contributed capital ortained eamings. Accumulated other comprehensive loss:- Total shareholders' equity Total liabilisies and shareholders' equity. 5 $ 5 $ 5 5 2. Next Level Compute the debt-to-assets ratio. Round your answer to two decimal places. What does it indicate about Meadows at the end of 2019? Round your answer to two decimal places. This ratio reveals that only % of Meadows's have been financed with debt. The following is the alphabetical adjusted trial balance of Meadows Company on December 31, 2019