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  3. the following partial balance sheet is provided fo

The following partial balance sheet is provided for Groom Company: Liabilities...

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Accounting

The following partial balance sheet is provided for Groom 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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