Fangled Company prepared the following balance sheet:

Fangled Company
Balance Sheet
December 31, 20X3

Current Assets: Current Liabilities:
Cash $ 6,000 Accounts Payable $ 3,000
Accounts Receivable 4,000 Wages Payable 2,000
Inventory 14,000 Total Current Liabilities $ 5,000
Total Current Assets 24,000 Long-term Bond Payable 24,000
Total Liabilities $29,000

Long-term Assets: Stockholders' Equity:
Fixed Assets $60,000 Common Stock $ 12,000
Accumulated Depr. (17,000 ) Retained Earnings 26,000
Net Fixed Assets 43,000 Total Stockholders' Equity 38,000
Total Assets $67,000 Total Liabilities &
Stockholders' Equity $67,000

What is the debt-to-total-assets ratio for Fangled Company at December 31, 20X3?
A) 7.46%.
B) 35.82%.
C) 43.28%.
D) 100.00%.
E) 231.03%.

C