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Shown below is condensed financial information for Macaron Industries. December 31, 2022 December 31, 2021 Total assets $ 414,000 $ 396,000 Total liabilities 240,948 217.008

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Shown below is condensed financial information for Macaron Industries. December 31, 2022 December 31, 2021 Total assets $ 414,000 $ 396,000 Total liabilities 240,948 217.008 27,800 17,800 Interest expense Income tax experse Net income 99,000 94,000 305,120 304,400 (a) Your answer is incorrect Calculate the debt to total assets ratio for 2021 and 2022. (Round answers to 1 decimal place, c.8. 5.2.) 2021 2022 Debt to total assets

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