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Question(s) / Instruction(s):

Given the following key balance sheet accounts:

Cash                                              $ 170,000

Accounts Receivable                 $ 130,000

Inventory                           $ 350,000

Total Assets                      $ 1,000,000

Accounts Payable                    $ 400,000

Bond Payable                        $ 300,000

Common stock $4 Par                 $ 200,000

Retained Earnings                   $ 100,000

What is the debt to asset ratio percentage?

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