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Dairy King has total assets of $325 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio. Multiple Choice

Dairy King has total assets of $325 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.

Multiple Choice

38.6%
13.4%
34.9%
33.8%
14.9%

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