At the beginning of the current year, Snell Company's total assets were $257,500, its total liabilities were $179,700, and its total equity was $77,800. At the end of the year, total assets were $268,000, total liabilities were $178,200, and total equity was $89,800. During the year, the company reported total revenues of $101,000 and total expenses of $80,000. During the year, the company paid dividends of $9,000. The company's debt ratio at the end of the current year is