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A firm has debt-equity ratio of 1.2. What is the total debt ratio? (Put your answer in percent form and round your answer to two

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A firm has debt-equity ratio of 1.2. What is the total debt ratio? (Put your answer in percent form and round your answer to two decimal places; e.g. 62.45) A firm has net income of $4,000 and an average tax rate of 30%. Interest expense for the year was $650. What is taxable income? (Round your answer to two decimal places; e.g. 1234.56)

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