The balance sheet for Altoid Co. is shown below. ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets 150 200 300 450 1,100 $2,200 Liabilities and shareholders' equity: Current liabilities $ 450 Long-term liabilities. 600 Common stock 150 Retained earnings 1,000 Total liabilities and shareholders' equity $ 2,200 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Interest expense $7,700 7,110 Income before interest and tax 590 90 Income tax expense 150 Net income $ 350 Required: Compute the following financial statement ratios for 2021: Altoid Co.'s long term debt to equity ratio. (Round your answer to 2 decimal places.) Long-term debt to equity