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Next Page Question 3 (1 point) Page 3 of 5 Presented below is the asset and liability section of the Statement of Financial Position for
Next Page Question 3 (1 point) Page 3 of 5 Presented below is the asset and liability section of the Statement of Financial Position for Acme Corporation as at December 31, 20x0 Assets: Cash and cash equivalents Inventory Prepaid expenses Accounts receivable $8.058 37,466 5.443 61.173 Intangible assets 14.970 Property and Equipment 76.231 Liabilities: Accounts Payable 14,744 Current portion of long-term debt 30.140 Long-term debt 76.001 What is Acme Corporation's long-term debt-to-equity ratio (round to two decimal places Your
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