The balance sheet for Altoid Co. is shown below.

ALTOID CO.
Balance Sheet
At December 31, 2021
Assets:
Cash	$	340
Short-term investments		1,150
Accounts receivable (net)		1,250
Inventory		1,400
Property, plant, and equipment (net)		1,080
Total assets	$	5,220
Liabilities and shareholders' equity:
Current liabilities	$	1,400
Long-term liabilities		1,550
Common stock		1,100
Retained earnings		1,170
Total liabilities and shareholders' equity	$	5,220

Selected 2021 income statement information for Altoid Co. includes:

Net Sales	$	9,600
Operating expenses		8,610
Income before interest and tax		990
Interest expense		90
Income tax expense		270
Net income	$	630

Required: Compute the following financial statement ratios for 2021:

Altoid Co.'s debt to equity ratio. (Round your answer to 2 decimal places.)