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39. Flanders Company has total assets of $400,000 and total liabilities of $270,000. The company collects an account receivable of $20,000. After this transaction, the

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39. Flanders Company has total assets of $400,000 and total liabilities of $270,000. The company collects an account receivable of $20,000. After this transaction, the company's debt ratio will be: (Round your nal answer to two decimal places.) A) 0.64. B) 0.68. C) 0.63. D) 1.48

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