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A firm has a total debt ratio of .47. This means the firm has 47 cents in debt for every A) $1 in total equity

A firm has a total debt ratio of .47. This means the firm has 47 cents in debt for every

A) $1 in total equity

B) $1 in fixed assets

C) $.53 in total equity

D) $1 in current assets

E) $.53 in total assets

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