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Calculate the debt-equity ratio by using the information below. ITEM 2022 Accounts Payable $729,500 Long Term Debt $1,283,900 Common Stock ($1 par) $2,184,000 Retained Earnings

Calculate the debt-equity ratio by using the information below.

ITEM	2022
Accounts Payable	$729,500
Long Term Debt	$1,283,900
Common Stock ($1 par)	$2,184,000
Retained Earnings	$3,227,100

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