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A firm subrnits their financial records to a bank. Upon examination, the bank discovers that this firm has $500 in cash, $2,500 in accounts recelvables,

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A firm subrnits their financial records to a bank. Upon examination, the bank discovers that this firm has $500 in cash, $2,500 in accounts recelvables, $1,000 in imventory, $5,000 in plant and equipment and that their assets totaled $9,000. In addition this bank discovered that the firm had $2,000 in current fiabilities, $2,500 in long-term debt, and $4,500 in net worth. Finally this bank discovered that this firm had $20,000 in net sales and $2,000 in net income. What is this firm's leverage ratio? (\$how all colculotions for full credit.)

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