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Calculate Debt Ratio: Requirements: - Given the following figures from a balance sheet: Total Liabilities: $1,200,000 Total Assets: $3,000,000 - Compute the debt ratio. -

·Calculate Debt Ratio: Requirements: - Given the following figures from a balance sheet:

Total Liabilities: $1,200,000
Total Assets: $3,000,000 - Compute the debt ratio. - Express the debt ratio as a percentage. - Provide the calculated debt ratio. -

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