Given the following year 12 balance sheet data for a shoe company:

balance sheet data
Money in 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
Outstanding long-term bank loans			153,000
Full responsibility			200,000
Shareholders' equity:	Year 11 Balance	year 12 change
Common actions	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 shareholders' equity			$420,000

Based on the figures above and the definition of the debt-to-asset ratio presented in the Help section on p. 5 of the Footwear Industry Report, calculate the company's debt-to-asset ratio (rounded to 2 decimal places)