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A firm has a total debt ratio of .47. This means the firm has 47 cents in debt for every: Multiple Choice $1 in total

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

Multiple Choice

  • $1 in total equity.

  • $.53 in total assets.

  • $1 in current assets.

  • $.53 in total equity.

  • $1 in fixed assets.

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