Question: Consider this simplified balance sheet for Geomorph Trading: Current assets $ 320 Current liabilities $ 270 Long-term assets 680 Long-term debt 190 Other liabilities 90

Consider this simplified balance sheet for Geomorph Trading: Current assets $ 320 Current liabilities $ 270 Long-term assets 680 Long-term debt 190 Other liabilities 90 Equity 450 $ 1,000 $ 1,000 Required: What is the company's debt-equity ratio? (Hint: debt = Current liabilities, Long-term debt, and Other liabilities)

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