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The following partial balance sheet is provided for Groome Company: Liabilities and Stockholders' Equity Accounts payable $ 7,900 Salaries payable 13,000 Bonds payable (Due in
The following partial balance sheet is provided for Groome Company:
Liabilities and Stockholders' Equity | ||||
Accounts payable | $ | 7,900 | ||
Salaries payable | 13,000 | |||
Bonds payable (Due in ten years) | 23,000 | |||
Common stock, no par | 27,700 | |||
Retained earnings | 46,900 | |||
Total liabilities and stockholders' equity | $ | 118,500 | ||
What is the company's debt to assets ratio?
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