ALTOID 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 $ 240 650 750 900 1,140 $ 3,680 $ 900 1,050 600 1,130 $ 3,680 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 $8,600 7,230 1,370 120 375 $ 875 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