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On their 2020 balance sheet, Wenger Corporation reported assets of $4,370,000, current liabilities of $589,000, noncurrent liabilities of $1,286,000, and stockholders equity of $2,495,000. Based

On their 2020 balance sheet, Wenger Corporation reported assets of $4,370,000, current liabilities of $589,000, noncurrent liabilities of $1,286,000, and stockholders’ equity of $2,495,000.

Based on above, calculate the debt to assets ratio .

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