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The balance sheet for Altoid Co. is shown below. ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity 340 1,150 1,250 1,400 1,080 $ 5,220 $ 1,480 1,55e 1,100 1,170 $ 5,220 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 $ 9,600 8,61e 990 ge 27e $ 630 Required: Compute the following financial statement ratios for 2021: Altoid Co.'s debt to equity ratio. (Round your answer to 2 decimal places.) Debt to equity ratio