Pharoah had total debt of $507,500 and $760,350 as at December 21, 2023 and DEcember 31, 2022 respectively, of which $105,000 and $150,000 was current. In addition, the company had total assets of $875,000 and $685,000 as at December 31, 2023, and December 31, 2022, respectively, of which $130,000 and $165,000 was current.What is the company's debt-paying ability (solvency) for 2023 by calculating the debt to total assets ratio