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a 1. You are walking into the office Monday morning and overhear a discussion. Lexi, Lauren and Madeleine are chatting. Madi states that the relative
a 1. You are walking into the office Monday morning and overhear a discussion. Lexi, Lauren and Madeleine are chatting. Madi states that "the relative proportion of debt, equity and other securities that a firm has outstanding is together known as the Asset Ratio. Lauren said, no, what you described is the Current Ratio. Lexi said you are both wrong. What you described is the Capital Structure. What do you think? Is Lexi right? Is Lauren right? Is Madeleine right? Are none of them correct? Support your answer with examples, as appropriate. (5 points)
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