Iberian Ham Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm$$s total debt$-$to$-$assets ratio $($also called Debt ratio$).$

Round the answers to two decimal places in percentage form. $($Write the percentage sign in the "units" box$).$

Balance Sheet December $31,20$XX

Cash and marketable securities $$100,000$ Accounts payable $$200,000$

Accounts receivable $$300,000$ Notes payable $$50,000$

Inventories $$500,000$ Accrued expenses $$60,000$

Prepaid expenses $$10,000$ Total current liabilities $$310,000$

Total current assets $$910,000$ Long$-$term debt $$300,000$

Gross fixed assets $$1,600,000$ Par value and paid$-$in$-$capital $$200,000$

Less: accumulated depreciation $$400,000$ Retained Earnings $$1,300,000$

Net fixed assets $$1,200,000$ Common Equity $1,500,000$

Total assets $$2,110,000$ Total liabilities and owner$$s equity $$2,110,000$

Income Statement, Year of $20$XX

Net sales $($all credit$)$ $$4,000,000\mathrm{.}00$

Less: Cost of goods sold $$2,800,000\mathrm{.}00$

Selling and administrative expenses $$300,000\mathrm{.}00$

Depreciation expense $$100,000\mathrm{.}00$

EBIT $$800,000\mathrm{.}00$

Interest expense $$30,000\mathrm{.}00$

Earnings before taxes $$770,000\mathrm{.}00$

Income taxes $$308,000\mathrm{.}00$

Net income $$462,000\mathrm{.}00$