Compute the debt to tangible net worth ratio

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Reference no: EM131873261

The following financial statement data are taken from Xeron Company's 2006 annual report:

(in millions)

Current assets $12.6

Investments 9.4

Intangibles 6.8

Tangible assets (net) 58.1

Current liabilities 6.4

Long-term debt 39.7

Stockholders' equity 40.8

Compute the debt to tangible net worth ratio.

Reference no: EM131873261

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