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Spinnit, Limited Has a Debt Ratio of

Question 108

Multiple Choice

Spinnit, Limited has a debt ratio of .57, current liabilities of $14,000, and total assets of $70,000. What is the level of Spinnit, Limited's total liabilities?


A) $25,900
B) $24,600
C) $39,900
D) $53,900

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