h The balance sheet for Altoid Co. is shown below. ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash 150 Short-term investments 200 Accounts receivable (net) 300 Inventory 450 Property, plant, and equipment (net) 1,100 Total assets $2,200 Liabilities and shareholders' equity: Current liabilities 450 Long-term liabilities 600 Common stock 150 Retained earnings 1,000 Total liabilities and shareholders' equity $ 2,200 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $7,700 7,110 590 90 150 350 Required: Compute the following financial statement ratios for 2021: Altoid Co's long term debt to equity ratio. (Round your answer to 2 decimal places.) Long-term debt to equity O < Prev 12 of 25 72 0