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Company L has a debt-to-total-assets ratio of 0.4 and a total debt of $800,000. Calculate the company's total assets and equity. Discuss the implications of

  • Company L has a debt-to-total-assets ratio of 0.4 and a total debt of $800,000. Calculate the company's total assets and equity. Discuss the implications of the debt-to-total-assets ratio for assessing a company's financial leverage and solvency position.

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