The condensed balance sheet and income statement for Marjoram Company are presented below. MARJOLA COMPANY Balance Sheet At December 31, 2021 Cash Notes receivable (due August 15, 2022) Accounts receivable (net) Merchandise Inventory Property, plant, and equipent (net) Intangible assets Total assets Current abilities Bands payable (103) (long-term) Comon stock Retained earnings Total abilities and equity $78,500 48,000 $2,200 76,300 345,000 15,200 $566,200 $121,600 140,000 67,000 237,000 5566,200 POR COPA The statement For the Year anded Dec 31, 2001 Sales Cost of prods sold Gross profit Operating Operating Income Tnterest Icon before Income tax Income tax expense Net Inco $989,000 522 5471,600 119,000 $282,00 14.00 5268,600 0,50 $180,00 Required: Compute the debt to equity ratio for Marjoram Company. (Round your answer to 2 decimal places.)