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If Simone Enterprises Has a Debt Ratio of 40%,it Means

Question 66

Multiple Choice

If Simone Enterprises has a debt ratio of 40%,it means that for every $1 in _____,the firm has 40 cents in _____.

A) owners' equity; liabilities
B) assets; liabilities
C) owners' equity; assets
D) assets; owners' equity

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