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Stride Rite Has Total Assets of $425 Million

Question 164

Multiple Choice

Stride Rite has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

A) 38.6%
B) 13.4%
C) 34.9%
D) 25.9%
E) 14.9%

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