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The following partial balance sheet is provided for Groome Company: Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common

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The following partial balance sheet is provided for Groome Company: Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $19,800 9,000 9,100 40,000 118,700 $196,600 What is the company's debt to assets ratio? (Rounded to nearest whole percent.) Multiple Choice Cannot be determined with the information given. 19% 5% 35%

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