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46. In 2023, Company TT reported the following: - Total Liabilities: $400,000 - Total Equity: $600,000
46.
In 2023, Company TT reported the following:
- Total Liabilities: $400,000
- Total Equity: $600,000
- Total Assets: $1,000,000
Calculate the debt-to-assets ratio and discuss its implications for the company's financial risk.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
