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What is the company debt to assets ratio for groome company

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Reference no: EM132795866

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

Problem 1: What is the company's debt to assets ratio? (Rounded to nearest whole percent.)

Reference no: EM132795866

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