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10. In 2023, Company J reported the following: - Total Liabilities: $300,000 - Total Equity: $500,000



10.  
    In 2023, Company J reported the following:
    - Total Liabilities: $300,000
    - Total Equity: $500,000
    - Total Assets: $800,000
    Calculate the debt-to-equity ratio and interpret the result in terms of the company's financial leverage.

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