Given the following Year 12 balance sheet data for a footwear company:

Balance Sheet Data
Cash on Hand			$ 15,000
Total Current Assets			130,000
Total Fixed Assets			290,000
Total Assets			$420,000
Accounts Payable			$ 20,000
Overdraft Loan Payable			0
1-Year Bank Loan Payable			5,000
Current Portion of Long-Term Bank Loans			22,000
Total Current Liabilities			47,000
Long-Term Bank Loans Outstanding			153,000
Total Liabilities			200,000
Shareholder Equity:	Year 11 Balance	Year 12 Change
Common Stock	20,000	0	20,000
Additional Capital	120,000	0	120,000
Retained Earnings	60,000	20,000	80,000
Total Shareholder Equity	200,000	+20,000	220,000
Total Liabilities and Shareholder Equity			$420,000

Based on the above figures and the definition of the debt-assets ratio presented in the Help section for p. 5 of the Footwear Industry Report, the companys debt-assets ratio (rounded to 2 decimal places) is