The following partial balance sheet is provided for Groome Company: $\begin{array}{lr}
\text { Liabilities and stockholders' Equity }\\
\text { Accounts payable } & \$ 15,300 \
\text { Salaries payable } & 13,000 \
\text { Bonds payable (due in ten years) } & 11,800 \
\text { Common stock, no par } & 27,700 \
\text { Retained earnings } &\underline{ 91,500} \
\text { Total liabilities and stockholders' equity } &\underline{ \$ 159,300}
\end{array}$ What is the company's debt to assets ratio? (Rounded to nearest whole percent.)
A) 7%
B) 34%
C) 25%
D) Cannot be determined with the information given.

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The Answer of The following partial balance sheet is provided for Groome Company: $\begin{array}{lr}
\text { Liabilities and stockholders' Equity }\\
\text { Accounts payable } & \$ 15,300 \
\text { Salaries payable } & 13,000 \
\text { Bonds payable (due in ten years) } & 11,800 \
\text { Common stock, no par } & 27,700 \
\text { Retained earnings } &\underline{ 91,500} \
\text { Total liabilities and stockholders' equity } &\underline{ \$ 159,300}
\end{array}$ What is the company's debt to assets ratio? (Rounded to nearest whole percent.)
A) 7%
B) 34%
C) 25%
D) Cannot be determined with the information given.

The Following Partial Balance Sheet Is Provided for Groome Company