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Calculate Debt to Equity Ratio: Requirements: Given the balance sheet information: Total Debt: $1,500,000 Total Equity: $3,500,000 Compute the debt to equity ratio. Express the

·Calculate Debt to Equity Ratio: Requirements:

Given the balance sheet information:
- Total Debt: $1,500,000
- Total Equity: $3,500,000
Compute the debt to equity ratio.
Express the debt to equity ratio as a numerical value.
Provide the calculated debt to equity ratio.

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