$2.$ Johnston & Myers Incorporated had the following balance sheet data for a recent year:

Balance Sheet Item Amount

Current assets $$720,000$

Property, plant, and equipment $($net$)1,110,000$

Current liabilities $230,000$

Long$-$term liabilities $450,000$

Common stock, $$10$ par $250,000$

Retained earnings $1,000,000$

What is Johnston & Myers Incorporated$$s ratio of liabilities to stockholders$$ equity?