Mika Limited reported the following items on their Balance Sheet:

Unearned Revenue	$ 85,000
Prepaid Rent	56,200
Mortgage liabilities	135,000
Long-term note payable	150,000
Bonds payable	195,000
Other Current Liabilities	23,000
Share capital	125,000
Retained earnings	157,500

Calculate the debt to equity ratio for Mika ( rounded to two decimal places ) . Show your calculations .