If its too long, please focus on current liabilites and Shareholders' Equity.

Balance Sheet from Adjusted Trial Balance

The following is the alphabetical adjusted trial balance of the Meadows Company on December 31, 2016:

	Debits		Credits
Accounts Payable			$ 9,800
Accounts Receivable	$ 21,000
Accrued Payables			7,100
Accumulated Depreciation			44,000
Additional Paid-in Capital			50,600
Cash	7,900
Common Stock, $5 par			29,600
Cost of Goods Sold	184,500
Current Portion of Long-Term Debt			6,200
Deferred Taxes Payable			12,500
Dividends Distributed	7,000
General Expenses	27,560
Income Tax Expense	12,340
Income Taxes Payable			7,500
Interest Expense	4,300
Inventories	32,000
Investment in Held-to-Maturity Bonds	36,000
Long-Term Debt			57,600
Long-Term Receivables	38,600
Marketable Securities (short-term)	12,200
Patents (net)	13,000
Prepaid Insurance	5,000
Property, Plant, and Equipment	148,000
Retained Earnings, 1/1/16			77,000
Sales			270,000
Selling Expenses	21,500
Unrealized Decrease in Value of Available-for-Sale Securities	1,000
	$571,900		$571,900

1. Prepare Meadows's December 31, 2016, balance sheet.

Meadows Company
Balance Sheet
December 31, 2016
Assets
Current Assets:
Cash		$
Marketable securities (short-term)
Accounts receivable
Inventories
Prepaid insurance
Total current assets			$
Long-Term Investments:
Investment in held-to-maturity bonds		$
Long-term receivables
Property, Plant, and Equipment:
Property, plant, and equipment		$
Less: Accumulated depreciation
Intangible Assets:
Patents (net)
Total Assets			$
Liabilities
Current Liabilities:
Accounts payable		$
Accrued payables
Income taxes payable
Current portion of long-term debt
Total current liabilities			$
Long-Term Liabilities:
Long-term debt
Other Liabilities:
Deferred taxes payable
Total Liabilities
Shareholders' Equity
Contributed Capital:
Common stock, $5 par		$
Additional paid-in capital
Total contributed capital			$
Retained earnings
Accumulated Other Comprehensive Loss:
Unrealized decrease in value of available-for-sale securities
Total shareholders' equity			$
Total liabilities and shareholders' equity			$

2. Compute the debt-to-assets ratio.

Round your answer to two decimal places.

%

What does it indicate about Meadows at the end of 2016?

This ratio reveals that only % of Meadowss liabilities have been financed with debt.