You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $35.25 million in assets with $31.50 million in debt and $3.75 million in equity. LotsofEquity, Inc. finances its $35.25 million in assets with $3.75 million in debt and $31.50 million in equity.

Compute the debt ratio.(Round your answers to 2 decimal places.)