Taylor,Inc.reports operating income of $300,000 and interest expense of $20,000.The average common stockholders' equity during the year was $50,000.The beginning assets balance is $60,000 and ending assets balance is $100,000.What is the leverage ratio? (Round your final answer to two decimal places. )

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The Answer of Taylor,Inc.reports operating income of $300,000 and interest expense of $20,000.The average common stockholders' equity during the year was $50,000.The beginning assets balance is $60,000 and ending assets balance is $100,000.What is the leverage ratio? (Round your final answer to two decimal places. )