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Converse Florists & Co. reported assets of $1100 and equity of $500. What is its debt ratio? (Round your percentage answer to two decimal places.)

Converse Florists & Co. reported assets of $1100 and equity of $500. What is its debt ratio? (Round your percentage answer to two decimal places.) A) 54.55% B) 100.00% OC) 59.55% OD) 45.45%

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