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Tony's Machinery Has Total Equity of $815,280, Long-Term Debt of $391,900

Question 116

Multiple Choice

Tony's Machinery has total equity of $815,280, long-term debt of $391,900, net working capital of $49,500, and total assets of $1,292,485.What is the total debt ratio?


A) ..50
B) .37
C) ..64
D) ..46
E) ..60

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