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Shown below is condensed financial information for Toy Co Industries. December 31, 2022 December 31, 2021 Total assets $ 411,000 $394,000 Total liabilities 240,846 213,154

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Shown below is condensed financial information for Toy Co Industries. December 31, 2022 December 31, 2021 Total assets $ 411,000 $394,000 Total liabilities 240,846 213,154 Interest expense 28,500 17.800 Income tax expense 99,000 94,000 Net income 304,300 298,400 (a) Calculate the debt to total assets ratio for 2021 and 2022. (Round answers to 1 decimal place, eg, 5.2.) 2021 2022 Debt to total assets % %6

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