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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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