Question 3 facts - Karla, a recent college graduate, is earning $43,000 per year with $36,000 in take-home pay.Her monthly apartment rent is $1040.She pays $385 per month on her outstanding student loans, which now total $38,000.In addition, she has credit card debt totaling $8,000, on which she pays the minimum payment of $320 per month.She has assets of $14,000.None of her debts are secured by her assets, i.e., there are no liens against her assets.

Question 3 (8 points) - Given the above facts, what is Karla's debt -to-equity ratio?