S Company reported the following account balances on its After Closing Trial Balance

(DR = Debit/CR = Credit)

Bonds Payable $7,000 CR

Supplies $7,000 DR

Accounts Receivable $1,000 DR

Accounts Payables $5,000 CR

Building & Land $13,000 DR

Retained Earnings $4,000 DR

Cash $5,000 DR

Discount-Bonds Payable $2,000 DR

If $4,000 of the Accounts Payable were paid using cash, what would be the debt ratio taking into account the payment of the Accounts Payable?

(Round to the nearest 3rd decimal place in your answer format)