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1. How do debt ratios impact financial leverage? With an average long-term debt ratio of 33% among manufacturing companies in the US, what are some

1. How do debt ratios impact financial leverage? With an average long-term debt ratio of 33% among manufacturing companies in the US, what are some reasons a company may have a higher long-term debt ratio? Why do debt ratios matter when they are based on book value instead of market value, which is much more indicative of the company's actual value and cash flow?

2. What is the difference between EVA and traditional accounting practice?

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