What is the debt to equity ratio for this corporation? Round your answer to 1 decimal place.

Use the following information pertaining to Covid Corporation to answer the following question. Assume that all balance sheet amounts represent both average and ending figures. Covid Corporation Partial Balance Sheet December 31, 2019 $ 60,000 90,000 150,000 $300,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Covid Corporation Income Statement For the Year Ended December 31, 2019 Net sales Cost of goods sold Gross margin Operating expenses Income before income taxes Income taxes expense Net income $80,000 45,000 $35,000 15,000 $20,000 5,000 $15,000 Covid Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2019, was $20. Jasmin paid dividends of $0.90 per share during 2019