The Following Partial Balance Sheet Is Provided for Groome Company

Multiple Choice

The following partial balance sheet is provided for Groome Company: $$\begin{array}{l}\text { Liabilities and Stockholders' Equity }\\\begin{array} { l r } \text { Accounts payable } & \$ 9,000 \\\text { Salaries payable } & 12,000 \\\text { Bonds payable (due in ten years) } & 20,000 \\\text { Common stock, no par } & 30,000 \\\text { Retained earnings } & 54,000 \\\text { Total liabilities and stockholders' equity } & \$ 125,000\end{array}\end{array}$$ What is the company's debt to assets ratio? (Rounded to nearest whole percent.)

A) 49%
B) 16%
C) 33%
D) Cannot be determined with the information given.