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72. In 2023, Company TTT reported the following: - Total Liabilities: $300,000 - Total Equity: $500,000
72.
In 2023, Company TTT reported the following:
- Total Liabilities: $300,000
- Total Equity: $500,000
- Total Assets: $800,000
Calculate the debt-to-equity ratio and interpret the result in terms of the company's financial leverage.
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