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ABC Corporation has long-term debt of $100,000; and preferred and common equily of $160,000. The company has no financing leases. ABC long-term debt ratio is

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ABC Corporation has long-term debt of $100,000; and preferred and common equily of $160,000. The company has no financing leases. ABC long-term debt ratio is 6. (Do not use the percent sign in your answer. Round your answer to two decimal places.) Blank

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