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A company has the following data: Sales $200,000 COGS 90,000 Expenses 80,000 Net Income 10,000 Assets 180,000 Liabilities 120,000 What is the debt ratio? 60%

A company has the following data:

Sales $200,000

COGS 90,000

Expenses 80,000

Net Income 10,000

Assets 180,000

Liabilities 120,000

What is the debt ratio?

60%

67%

50%

Cannot be determined

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