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1 A company had the following balance sheet results for 2018: (in millions) Current liabilities $146 Bonds payable 18.6 Long term debt 3.7 preferred stocks

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1 A company had the following balance sheet results for 2018: (in millions) Current liabilities $146 Bonds payable 18.6 Long term debt 3.7 preferred stocks 1.4 Common stock 8.6 Retained earnings 22.9 Compute the debt ratio. (2 Points) 52.8% 112.1% None of the above 60.6%

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