Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities Year 11 Year 12 Shareholder Equity: Balance Change Common Stock 20,000 Additional Capital 120,000 0 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity $ 10,000 150,000 250,000 $400,000 $ 20,000 0 5,000 17,000 42,000 138,000 180,000 20,000 120,000 80,000 220,000 $400,000 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 company's debt-assets ratio (rounded to 2 decimal places) is