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6. Jordan Manufacturing reports the following capital structure: Current liabilities $100, 000 Long-term debt 400, 000 Deferred income taxes 10, 000 Preferred stock 80, 000

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6. Jordan Manufacturing reports the following capital structure: Current liabilities $100, 000 Long-term debt 400, 000 Deferred income taxes 10, 000 Preferred stock 80, 000 Common stock 100, 000 Premium on common stock 180, 000 Retained earnings 170, 000 What is the debt ratio? a. 0.48 b. 0.49 c. 0.93 d. 0.96 e. None of the answers are correct

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