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Below are selected financial data on Bore Industries Inc

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Below are selected financial data on Bore Industries Inc. Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt. Based on these data, calculate the book leverage ratio of Bore. Express the ratio in percent and round to two decimals (do not include the %-sign in your answer) . 
Basic Share Price Data 
No. shares outstanding (in billions) 10.00 
Last share price (in $) 
22.10 
Balance Sheet (in $-billions) 
Assets 
Liabilities 
Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets $15.00 $60.00 $75.00 $4.00 $154.00 Accounts Payable Short-Term Debt Current Maturities of Long-Term Debt Other Current Liabilities Total Current Liabilities $45.00 $25.00 $0.00 $15.00 $85.00 Property, Plant & Equipment $250.00 Long-Term Debt $80.00 Less Accumulated Depreciation .:$40.00) Capital Lease Obligations $0.00 Net Property, Plant & Equipment $210.00 Total Debt $80.00 Goodwill & Intangible Assets $90.00 Deferred Taxes ($20.00) Other Long-Term Assets $5.00 Other Long-Term Liabilities $10.00 Total Liabilities $155.00 Shareholders' Equity $304.00 Total Assets $459.00 Total Liabilities and Shareholders' Equity $459.00