A partial balance sheet for Captain D’s Sportswear is shown…

A partial balance sheet for Captain D’s Sportswear is shown below:(dollars in thousands) Assets: Liabilities and Stockholder’s Equity:Cash$ 67Accounts payable$ 247Accounts receivable (net)172Other liabilities86Investments52Total current liabilities333Inventory206Interest-bearing debt112Prepaid rent34Total liabilities445Total current assets531Common stock160 Retained earnings191Property & Equipment, (net)265Total stockholders’ equity351Total assets$796Total liabilities and equity$796 What is the debt to equity ratio?Note: Round your answer to two decimal places.