American Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm'stotal debt-to-equityratio.

Round the answers to two decimal places in percentage form.

Balance Sheet December 31, 2010

Cash and marketable securities$102,000Accounts payable$287,000Accounts receivable$299,000Notes payable$61,200Inventories$628,000Accrued expenses$51,900Prepaid expenses$10,300Total current liabilities$400,100Total current assets$1,039,300Long-term debt$415,000Gross fixed assets$1,502,000Par value and paid-in-capital$376,000Less: accumulated depreciation$312,000Retained Earnings$1,038,200Net fixed assets$1,190,000Common Equity1,414,200Total assets$2,229,300Total liabilities and owner's equity$2,229,300Income statement, Year of 2010

Net sales (all credit)$6,387,700.00Less: Cost of goods sold$4,726,898.00Selling and administrative expenses$345,000.00Depreciation expense$148,000.00EBIT$1,167,802.00Interest expense$50,600.00Earnings before taxes$1,117,202.00Income taxes$446,880.80Net income$670,321.20