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Demeter Company's balance sheet shows total liabilities of $300,000 and total assets of $1,030,000. Calculate the debt-to-equity ratio for Demeter Company. (Round your answer to

Demeter Company's balance sheet shows total liabilities of $300,000 and total assets of $1,030,000. Calculate the debt-to-equity ratio for Demeter Company. (Round your answer to two decimal places.)

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