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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. Express the debt

·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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