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Ratio Analysis Watterson Corporation's balance sheet showed the following amounts: current liabilities, $70,000; bonds payable, $150,000; and lease obligations, $20,000. Total stockholders' equity was $90,000.

Ratio Analysis

Watterson Corporation's balance sheet showed the following amounts: current liabilities, $70,000; bonds payable, $150,000; and lease obligations, $20,000. Total stockholders' equity was $90,000.

Required:

Calculate the debt to equity ratio. Round your answer to three decimal places

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