Using the balance sheet information for Huntsville Manufacturing Company provided below, calculate the company's 2017 debt ratio. Enter your answer as a number with four places of precision (ie. 0.1234 or 1.234) - ensure that you precede the decimal point with a number. Assets Current Assets Cash and Equivalents Accounts Receivable Inventory Total Current Assets Long-term Assets Net Fixed Assets Total Assets $ $ $ 2017 Huntsville Manufacturing Company Balance Sheet as of December 31 2016 20,385 $ 34,325 128,884 183,594 $ 710,685 894,279 $ 23,500 46,355 75,820 145,675 612,875 758,550 Liabilities and Shareholder Equity Current Liabilities Accrued Wages and Taxes Accounts Payable Notes Payable Total Current Liabilities Long-term debt Total Liabilities Shareholder Equity Common stock Retained earnings Total Shareholder Equity 2017 2016 38,570 22,480 130,365 157,835 111,540 72,890 $ 280,475 $ 253,205 210,000 170,000 $ 490,475 $ 423,205 $ 175,000 $ 175,000 228,804 160,345 $ 403,804 $ 335,345 Total Liabilities and Shareholder Equity $ 894,279 $758,550

Ising the balance sheet information for Huntsville Manufacturing Company provided below, calculate the company's 2017 debt ratio. inter your answor as a number with four places of precision (i.e. 0.1234 or 1.234 ) - ensure that you precede the decimal point with a number