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Happiness Catering Has Total Assets of $385 Million

Question 83

Multiple Choice

Happiness Catering has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio.

A) 28.5%.
B) 26.0%.
C) 58.8%.
D) 38.5%.
E) 35.1%.

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