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

Based on the information in the table, calculate the firm's total debt-to-equity ratio.

Round the answers to two decimal places in percentage form. (Write the percentage sign)

Balance Sheet December 31, 2014

Cash and marketable securities $132,000 Accounts payable $399,000

Accounts receivable $311,000 Notes payable $98,500

Inventories $512,000 Accrued expenses $89,300

Prepaid expenses $11,300 Total current liabilities $586,800

Total current assets $966,300 Long-term debt $799,400

Gross fixed assets $2,104,000 Par value and paid-in-capital $298,000

Less: accumulated depreciation $398,000 Retained Earnings $988,100

Net fixed assets $1,706,000 Common Equity 1,286,100

Total assets $2,672,300 Total liabilities and owner's equity $2,672,300

Income Statement, Year of 2014

Net sales (all credit) $4,276,600.00

Less: Cost of goods sold $3,292,982.00

Selling and administrative expenses $349,000.00

Depreciation expense $148,000.00

EBIT $486,618.00

Interest expense $49,600.00

Earnings before taxes $437,018.00

Income taxes $174,807.20

Net income $262,210.80