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Company Procter & Gamble Co. reported total liabilities of $129.88 billion and total equity of $66.49 billion. Calculate the debt-to-equity ratio for Procter & Gamble

Company Procter & Gamble Co. reported total liabilities of $129.88 billion and total equity of $66.49 billion. Calculate the debt-to-equity ratio for Procter & Gamble Co. and discuss its interpretation in assessing financial leverage and risk. Explain the debt-to-equity ratio as a measure of a company's capital structure and its implications for solvency and creditworthiness.

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