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Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's total debt-to-assets ratio (also

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Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's total debt-to-assets ratio (also called Debt ratio). Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box). Balance Sheet December 31, 2012 Cash and marketable $198.000 Accounts payable $288,000 securities Accounts $469,000 Notes payable receivable $65,000 Inventories $577,000 Accrued expenses $84,000 Total current Prepaid expenses $15.700 $437,000 liabilities Total current assets $1,259,700 Long-term debt $237,000 Par value and Gross fixed assets $1,954,000 $199,000 paid-in-capital Less: accumulated depreciation $476,000 Retained Earnings $1,864,700 Net fixed assets $1,478,000 Common Equity 2,063,700 Total liabilities Total assets $2,737,700 and owner's $2,737,700 equity

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