Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year.

Go The Distance Trading Cards Balance Sheet, 2013:

Assets	$
Current Assets	$74,630.00
Net fixed Assets (Net PPE)	$224,900.00
TOTAL ASSETS	$299,530.00

Liabilities and Shareholder Equity
Current Liabilities	$43,510.00
Long-term liabilities (Long term debt)	$93,200.00
TOTAL LIABILITIES	$136,710.00
Shareholder equity	$162,820.00
	$299,530.00 (total liabilites and equity) What is the debt-to-asset ratio for this firm? {Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required) ( will accept decimal format rounded to 4 decimal places (ex: 0.0924))} ***Please provide an explanation as to how you got your answer to this question