In 2019 Manning Company has $1,000,000 in assets and $1,000,000 in stockholders' equity, with 50,000 shares outstanding the entire year. In the past year it had net income of $75,000. On January 1, 2020, it issued $300,000 in debt at 5% and immediately repurchased 25,000 shares for $300,000. Management expected that, had it not issued the debt, it would again have had a net income of $75,000.

Compute the company's debt to assets ratio for 2019 and 2020. (Round answers to 0 decimal places, e.g. 25%. If answer is zero please enter 0 , do not leave any fields blank.)