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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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