AL TOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 290 900 1,000 1,150 1,130 $ 4,470 $ 1,150 1,300 850 1,170 $ 4,470 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $9,100 8,350 750 100 195 $ 455 Required: Compute the following financial statement ratios for 2021: Altoid Co.'s long term debt to equity ratio. (Round your answer to 2 decimal places.) Long-term debt to equity