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A firm's total assets are $1 million, total equity is $600,000, what is the debt ratio? Question 22 options: 2.5% 40% 60% 1.67% None of

A firm's total assets are $1 million, total equity is $600,000, what is the debt ratio?

Question 22 options:

2.5%

40%

60%

1.67%

None of these

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