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1) If the debt ratio is 60% and Liabilities are $24,000, Assets must be: Select one: a. $40,000 b. $16,000 c. $48,000 d. $9,600 2)Calculating

1) If the debt ratio is 60% and Liabilities are $24,000, Assets must be:

Select one:

a.

$40,000

b.

$16,000

c.

$48,000

d.

$9,600

2)Calculating the debtors turnover allows the firm to identify whether the increase in debtors, for example, is due to an increase in sales or simply a reflection that debtors are taking longer to pay.

Select one:

True

False

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