Cant figure out the answer please help.

Titanic Corporation's balance sheet and income statement are shown belo Titanic Corporation Balance Sheet At December 31, 20x1 Cash $ 24,000 Notes receivable (due September 10, 20x2) 39,000 Accounts receivable (net) 50,400 Merchandise inventory 73,600 Property, plant, and equipment (net) 300,000 Intangible assets 14,490 Total assets $501,400 Current liabilities $105,800 Bonds payable(10%) (long-term) 150,000 80,000 Common stock 165,600 Retained earnings $501,400 Total liabilities and equity Titanic Corporation Income Statement For the Year ended December 31, 20x1 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income tax Income tax expense Net income $854,000 472,400 $381,600 178, 200 $203,400 15,000 $188,400 56,520 $131, 880 Required: Compute Titanic's debt to equity ratio. (Round your answer to 2 deci Debt to equity ratio