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A firm has total debt of $700,000 and equity of $350,000. What is the: (1) debt/net worth ratio and (2) the debt to total assets
A firm has total debt of $700,000 and equity of $350,000.
What is the: (1) debt/net worth ratio and (2) the debt to total assets ratio.
SHOW YOUR CALCULATIONS TO GET FULL CREDIT SHOW NUMBERS WITH ONE (1) DECIMAL PLACE AND PERCENTAGES WITH ONE (1) DECIMAL PLACE
EXAMPLE: 5.2 and 32.5%
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