Chestnut, Incorporated reported the following balances on its balance sheet at December 31, Year 1: Total Assets Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity $256,000 $ 85,000 81,000 90,000 171,000 $256,000 On January 1, Year 2, Chestnut purchased equipment for $53,000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment? Note: Round your answer to 2 decimal places.