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A firm has debt of $11 million and equity of $13 million. The firm's assets are equal to the sum of their debt and equity.

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A firm has debt of $11 million and equity of $13 million. The firm's assets are equal to the sum of their debt and equity. What is the ratio of the firm's debt to their assets? Please write your answer as a percentage, rounded to one decimal place (example: 42.7% )

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