56. In 2023, Company DDD reported the following: - Total Liabilities: $400,000...
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Question:
56.
In 2023, Company DDD 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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