calculate the total debt to total assets ratio. DO NOT enter your answer as a percentage. (do not move the decimal to places to the right) enter it as a proportion rounded to the nearest, hundredth.

Calculate the total debt to total assets ratio. Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two ploces to the right). Enter it as a proportion rounded to the neorest hundredth. LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2022 and 2023 Current assets: LOGIC COMPANY Comparative Balance Sheet December 31,2022 and 2023 2823 2022 Assets Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Comon stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $12,000 \\ 16,500 \\ 8,500 & $9,000 \\ 24,000 & 12,500 \\ \hline$61,000 & 14,000 \\ \hline$10,000 \\ \hline$14,500 & $11,000 \\ \hline 13,500 & $1100 \\ \hline$28,000 & $20,000 \\ \hline$89,000 & $65,500 \\ \hline \end{tabular}