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7. A small family business got a total assets of $35,950 and a total debt of $11,250, Calculate, and explain what each of the following

7. A small family business got a total assets of $35,950 and a total debt of $11,250, Calculate, and explain what each of the following means to the owner/manager. a. The business Solvency ratio. b. Its Debt/Asset ratio. lil c. Its Debt/Equity ratio

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