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    Contemporary Business Study Set 1
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    Exam 15: Understanding Accounting and Financial Statements
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    A Debt Ratio of 20 Percent Means That the Firm
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A Debt Ratio of 20 Percent Means That the Firm

Question 49

Question 49

True/False

A debt ratio of 20 percent means that the firm is relying more on borrowed money than owners' equity.

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