Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2.

	Year 2		Year 1
Net sales		$ 488,500		$ 428,250
Cost of goods sold		278,300		252,120
Interest expense		11,700		12,700
Net income before tax		69,250		54,680
Net income after tax		48,050		41,900
Total assets		321,100		300,000
Total liabilities		171,400		169,300
Total equity		149,700		130,700
(Please show work)