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Joseph and John Inc. had the following balance sheet results for 2006: (in millions) Current liabilities $12.6 Bonds payable 18.6 Lease obligations 2.7 Minority interest

Joseph and John Inc. had the following balance sheet results for 2006: (in millions)

Current liabilities $12.6 Bonds payable 18.6 Lease obligations 2.7 Minority interest 1.4 Common stock 8.6 Retained earnings 22.9

Compute the debt-equity ratio (do work manually)

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