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:
Verified
Correct Answer:
Verified
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