Compute the debt to tangible net worth ratio

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Reference no: EM131312309

The following financial statement data are taken from Xeron Company’s 2006 annual report(in Millions)

Current assets $12.6 Investments 9.4 Intangibles 6.8 Tangible assets (net) 58.1 Current liabilities 6.4 Long-term debt 39.7 stockholders' equity 40.8 Compute the debt to tangible net worth ratio.

Reference no: EM131312309

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