Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements:

For the Year Ended December 31, 2013:

Net revenues

$

32,600

Cost of services provided

11,300

Depreciation expense

5,000

Operating income

$

16,300

Interest expense

3,800

Income tax expense

3,400

Net income

$

9,100

At December 31, 2013:

Assets

Cash and short-term investments

$

2,600

Accounts receivable, net

9,700

Property, plant, and equipment, net

80,400

Total assets

$

92,700

Liabilities and Stockholders' Equity

Accounts payable

$

2,000

Income taxes payable

1,300

Notes payable (long term)

47,100

Paid-in capital

13,000

Retained earnings

29,300

Total liabilities and stockholders' equity

$

92,700

Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2013:

1.	Calculate the debt ratio. (Round your answer to 1 decimal place.)

2.	Calculate the Debt/equity ratio. (Round your answer to 1 decimal place.)