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5. A firm has a total debt ratio of .53. This means that that firm has 53 cents in debt for every: A. $1.00 in

5. A firm has a total debt ratio of .53. This means that that firm has 53 cents in debt for every:
A. $1.00 in equity.
B. $1.00 in total sales.
C. $1.00 in current assets.
D. $0.53 in total assets.
E. $0.47 in equity.

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