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A company has current assets of $2,137,000, current liabilities of $820,000, total cash of $326,000, notes and accounts receivable of $1,245,000, and an inventory of
A company has current assets of $2,137,000, current liabilities of $820,000, total cash of $326,000, notes and accounts receivable of $1,245,000, and an inventory of $685,000 along with owners' equity of $2,770,000 and long-term debt of $3,084,000. Find the debt-to-equity ratio. The debt-to-equity ratio is approximately (Type an integer or a decimal rounded to the nearest hundredth as needed.)
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