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The following partial balance sheet is provided for Groome Company: Liabilities and Stockholders' Equity Accounts payable $ 9,000 Salaries payable 12,000 Bonds payable (due in

The following partial balance sheet is provided for Groome Company:

Liabilities and Stockholders' Equity

Accounts payable

9,000

Salaries payable

12,000

Bonds payable (due in ten years)

20,000

Common stock, no par

30,000

Retained earnings

54,000

Total liabilities and stockholders' equity

125,000

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

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