Problem $3-5$ Calculating Leverage Ratios $[$LO$2]$

Mobius, Incorporated, has a total debt ratio of $\mathrm{.}32.$

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a$.$What is its debt$-$equity ratio? $($Note: once you know the total debt ratio, you automatically also know the total equity ratio, as the total debt ratio $+$ the total equity ratio has to equal $100\%.)($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$b$.$What is its equity multiplier? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$