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The following partial balance sheet is provided for Groome Company: Liabilities and Stockholders' Equity Accounts payable $14,000 Salaries payable 18,000 Bonds payable (due in ten

The following partial balance sheet is provided for Groome Company:

Liabilities and Stockholders' Equity
Accounts payable $14,000
Salaries payable 18,000
Bonds payable (due in ten years) 12,800
Common stock, no par 20,000
Retained earnings 84,400
Total liabilities and stockholders' equity $149,200

What is the company's debt to assets ratio? (Rounded to nearest whole percent.)

Multiple Choice

31%

9%

30%

Cannot be determined with the information given.

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