Table:
|  | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Total Balance |
| --- | --- | --- | --- |
| Assets |  |  |  |
| Cash and cash equivalents: |  |  |  |
| Money market mutual funds | $121.0 | $— | $121.0 |
| Deposit accounts | — | 641.6 | 641.6 |
| Commercial Paper | — | 118.7 | 118.7 |
| Government agency bonds | — | 20.0 | 20.0 |
| Short-term investments: |  |  |  |
| Marketable equity securities | 2.8 | — | 2.8 |
| Corporate bonds and debt | — | 542.9 | 542.9 |
| Time deposits | — | 11.5 | 11.5 |
| Government agency bonds | — | 723.2 | 723.2 |
| Municipal bonds - taxable | — | 14.9 | 14.9 |
| Total assets measured at fair value | $123.8 | $2,072.8 | $2,196.6 |
Paragraphs:
Assets Measured at Fair Value on a Recurring Basis
Assets measured at fair value on a recurring basis at March 31, 2018 are as follows (amounts in millions):
There were no transfers between Level 1 or Level 2 during fiscal 2019 or fiscal 2018. There were no assets measured on a recurring basis during fiscal 2019 or fiscal 2018 using significant unobservable inputs (Level 3).
Question:
What was the total balance amount of short-term Government agency bonds as a percentage of the total balance of assets?
Answer: 723.2/2196.6 = 32.92