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Assume you are given the following relationships for the Kelley Corporation: Sales / Total assets 1.1 Return on assets (ROA) 4.35% Return on equity (ROE)

Assume you are given the following relationships for the Kelley Corporation:

Sales / Total assets 1.1

Return on assets (ROA) 4.35%

Return on equity (ROE) 8.10%

Calculate Kelleys debt ratio.

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