Debt–equity ratio for this company based on market values

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Reference no: EM131563161

Kiedis Corp. has interest bearing debt with a market value of $76.7 million. The company also has 3.5 million shares that sell for $17 per share. What is the debt–equity ratio for this company based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Reference no: EM131563161

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