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Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets $ 440,000 Total Liabilities 133,000 Total Equity 307,000

Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets $ 440,000 Total Liabilities 133,000 Total Equity 307,000 What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)

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