Miller, Inc. provides the following data:
Miller, Inc.
Comparative Balance Sheet
Dec. 31, 2025
Assets
Current Assets:
Cash and Cash Equivalents $123,000
Accounts Receivable, Net 31,000
Merchandise Inventory 53,000
Total Current Assets 207,000
Property, Plant, and Equipment, Net 120,000
Total Assets $ 327,000
Liabilities
Current Liabilities:
Accounts Payable $ 54,900
Notes Payable 2,900
Total Current Liabilities 57,800
Long-term Liabilities 91,000
Total Liabilities 148,800
Stockholders' Equity
Common Stock 81,000
Retained Earnings 97,200
Total Stockholders' Equity 178,200
Total Liabilities and Stockholders' Equity $ 327,000
Calculate the debt to equity ratio. (Round your answer to two decimal places.)