Consider the following balance sheet for Jojo's Jumping Jacks:

$\backslash$table$[[$ASSETS$,,$LIABILITIES,$],[$Current assets,Current liabilities,,$],[$Cash$,,$Accounts payable,$$49,000],[$Accounts receivable,$300,$Accrued expenses,$450],[$Prepaid rent,$1,000,$Unearned revenue,$1,000],[$Total current assets,$$73,900,$Total current liabilities,$$50,450],[$Long$-$term assets,,Long$-$term liabilities,$99,500],[$Leasehold improvements,$100,000,$Total liabilities,$$149,950],[$Accumulated depreciation,$(2,000),,],[$Total long$-$term assets,$$98,000,$OWNERS' EQUITY,$],[,,$Retained earnings,$$11,950],[,,$Common stock,$10,000],[,,$Total owners' equity,$$21,950],[$Total assets,,,$]]$

Using this information, calculate Jojo's debt$-$to$-$total assets ratio. Enter your answer rounded to two decimal places.