Using the information from Exhibit 3.1 what is the firm's debt-to-asset ratio? (I guess I am unsure what the appropriate formula is to get the correct answer)

Exhibitll Thebelmcesheetandincomestatementshewnbelewareu'Pet'tijuhnInc.Notethatthermhasneamertizaenehargee,itdeeanutleaeeanyasselsmeneufits debtmuberereddluingthenextiymand' notespayable willberolled ever. Bmee Sheet llimu. of Assets 2,012 Cash and secmitles $ 1,554.!) Ammints receivable 9,660.!) Inventories 13 440.!) Tm. current assets $24,654.!) Net plant and equipment 11346.!) T011. assets 2 000.!) liabilities and Equity mum-n: payable $ 1,980.!) Notes payable 3,8 80.!) Annuals 4 620 !) Tote. current liabilities $18,480.!) Lungterm bends 10,220.!) Tote. debt $3,400.!) Gammon stock 3,360 !) Retained aiming: 9%.!) Tm. common equitv 12 600.!) T011. liabilities and equity 2 000.!) Income Statement lliuus of 2012 Net sales $53,800.!) Operating mm except depr'n $54,913.!) Ikpreciaen l 0219.!) Earnings befint and taxes (EBIT) $ 2,193.!) Lees inteIest l 050.!) Earnings bezremxes CEBT) $ 1,143.!) Tam 610.1 Net ilmeme 1 133.!) Other data: _ Sheree outstamiing (millions) 115.0!) Cerulean dividends $ 509.83 l.nt rate onnetes payable 8!. LT bends 6.25% Federalplusstamimomemme 35% Year-61:1 steel: prime 5? "1.59