Question: Beaumont Company has no current liabilities. Its only long-term debt is $20 million of bonds payable. The companys debt-to-assets ratio is 0.20 and its assets-to-equity

Beaumont Company has no current liabilities. Its only long-term debt is $20 million of bonds payable. The company’s debt-to-assets ratio is 0.20 and its assets-to-equity ratio is 1.25. What is the company’s debt-to-equity ratio?

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