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21) A firm has a total debt ratio of 50. What is its (TOTAL LIABILITIES / TOTAL EQUITY) ratio? Please give your answer in decimal

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21) A firm has a total debt ratio of 50. What is its (TOTAL LIABILITIES / TOTAL EQUITY) ratio? Please give your answer in decimal form and not as a percentage. Please put the number on the answer sheet. DEBT TO EQUITY = TOTAL LIAB/TOTAL EQUITY TOTAL DEBT = TOTAL LIAB TOTAL ASSETS = 50

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