(Answered) Suppose a firm has 44979 million in book liabilities 3347

Finance

Suppose a firm has $449.79 million in book liabilities, $334.7 million in book equity, and 23 million shares outstanding, each of which currently trade at $18.79 per share. Calculate the debt-to-equity ratio in a way that takes current values into account, rather than historical performance. Calculate your answer to at least two decimal places.

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