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One third of company X's asset purchases were financed by taking out a loan from the bank. The remainder of the asset purchases were financed

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One third of company X's asset purchases were financed by taking out a loan from the bank. The remainder of the asset purchases were financed by selling shares of company X's common stock. What is the financial leverage (ratio) that describes this situation? Round your answer to two decimal places if necessary. Report any percentages as decimals (ie: write .05 instead of 5% )

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