Consider the following information for James Inc. for the Year 2014:

	2014
Assets
Cash	55,600
Accounts Receivable	140,400
Inventory	185,400
Land	90,000
PP&E	225,000
Accumulated Depreciation	(117,000)
Total Assets	579,400
Liabilities
Accounts Payable	151,200
Accrued Expenses	36,000
Notes Payable	52,000
Total Liabilities	239,200
Stockholders' Equity
Common Stock	18,000
Additional Paid-in Capital	115,200
Beginning Retained Earnings	145,800
Net Income	97,200
Dividends	36,000
Ending Retained Earnings	207,000
Total Stockholders' Equity	340,200
Total Liabilities and Equity	579,400

1. Calculate James' Debt-to-Equity Ratio

2. Calculate James' Debt Ratio