A publicly traded company reported earnings per share of $8.00 back in 2019 and it paid a $4 dividend. Its book value per share at year end was $80. During the same period, the total retained earnings increased by $24M. this company had no preferred stock, and no new common stock was issued during the fiscal year. If this company’s year-end debt was $240M, what was the company’s year-end debt to asset ratio and what does that ratio mean in your own words?