Galax United's balance sheet is provided below

Galaxy United
Cash	16,500
Accounts receivable	56,700
Inventory	186,700
Net fixed assets	282,100
Total Assets	542,000
Accounts payable	134,700
Long-term debt	135,500
Common stock	140,000
Retained earnings	131,800
Total liabilities and equity	542,000

The firm had sales of $614,100 and Net Income of $42,500.

What was the firm's debt-equity ratio?