Consider the following financial data for Leon$$s Computer Stores:

Statement of Financial Position as of December $31,2024$

Cash

$

$92,000$

Accounts payable $

$109,000$

Accounts receivable

$237,000$

Notes payable

$112,000$

Inventories

$389,500$

Accrued wages and taxes

$90,000$

Total current assets

$

$718,500$

Total short$-$term liab. $

$311,000$

Long$-$term debt

$466,500$

Net fixed assets

$577,500$

Common equity

$518,500$

Total assets

$

$1,296,000$

Total liabilities & equity $

$1,296,000$

Income Statement for the Year Ended December $31,2024$

Sales revenue

$

$511,000$

Cost of sales

$313,000$

Gross profit

$

$198,000$

Operating expenses

$96,500$

Earnings before interest and taxes $($EBIT$)$

$

$101,500$

Interest expense

$34,500$

Earnings before taxes $($EBT$)$

$

$67,000$

Federal and state income taxes $(30$ percent$)$

$20,100$

Net earnings

$

$46,900$

Calculate Leon$$s debt$-$to$-$capital ratio. $($Remember that accounts payable and accruals are not considered $$debt$$ or $$capital$$ in this computation.$)$

Group of answer choices

$10\mathrm{.}2\%$

$111\mathrm{.}6\%$

$42\mathrm{.}5\%$

$47\mathrm{.}3\%$

$52\mathrm{.}7\%$