10. Both are part of the same question.

Calculate the total debt to total assets ratio.

LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2022 and 2023 \begin{tabular}{|c|c|c|} \hline & 2023 & 2022 \\ \hline Gross sales & $19,400 & $15,300 \\ \hline Sales returns and allowances & 800 & 100 \\ \hline Net sales & $18,600 & $15,200 \\ \hline Cost of merchandise (goods) sold & 11,900 & 8,900 \\ \hline Gross profit & $6,700 & $6,300 \\ \hline Operating expenses: & & \\ \hline Depreciation & $740 & $620 \\ \hline Selling and administrative & 2,500 & 2,200 \\ \hline Research & 590 & 520 \\ \hline Miscellaneous & 400 & 320 \\ \hline Total operating expenses & $4,230 & $3,660 \\ \hline Income before interest and taxes & $2,470 & $2,640 \\ \hline Interest expense & 600 & 520 \\ \hline Income before taxes & $1,870 & $2,120 \\ \hline Provision for taxes & 748 & 848 \\ \hline Net income & $1,122 & $1,272 \\ \hline \end{tabular} Calculate the total debt to total assets ratio. Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to the right). Enter it as a proportion rounded to the nearest hundredth