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Company A has assets of $1,000,000, liabilities = 400,000 and equity = $600,000. What is the debt to asset ratio for Company A? 20% 40%

Company A has assets of $1,000,000, liabilities = 400,000 and equity = $600,000.

What is the debt to asset ratio for Company A?

20%

40%

60%

80%

100%

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