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    A Firm Has a Total Debt Ratio of
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A Firm Has a Total Debt Ratio of

Question 99

Question 99

Multiple Choice

A firm has a total debt ratio of .47. This means that that firm has 47 cents in debt for every:


A) $1.00 in equity.
B) $1.00 in total sales.
C) $1.00 in current assets.
D) $0.53 in equity.
E) $0.53 in total assets.

Correct Answer:

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