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A firm has total assets of $ 2 , 0 0 0 , 0 0 0 . It has $ 9 0 0 , 0

A firm has total assets of $2,000,000. It has $900,000 in long-term debt. The shareholders' equity is $900,000. What is the total debt to asset ratio?
Multiple Choice
45%
40%
55%
100%

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