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A company has a total debt ratio of 66%. Its debt to equity ratio is closest to: (a) 0.66 (b) 0.52 (c) 1.66 (d) 1.94

A company has a total debt ratio of 66%. Its debt to equity ratio is closest to: (a) 0.66 (b) 0.52 (c) 1.66 (d) 1.94 Please provide an explanation for my understanding. Thank you!

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