Phish Corp. has total liabilities of $1,200,000, total stock- (SO 7) holders' equity of $1,800,000, current assets

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Phish Corp. has total liabilities of $1,200,000, total stock- (SO 7)

holders' equity of $1,800,000, current assets of $800,000, and current liabilities of $400,000. Phish 's debt to total assets ratio is:

a. 50%.

c. 33.3%.

b. 40%.

d. 26.6%.

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