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EXPLAIN THE EXAMPLE WHAT IT MEANS TO FOR A COMPANY LIKE TARGET TO HAVE A DEBIT TO EQUITY RATIO OF 3.0? Explain in simple terms

EXPLAIN THE EXAMPLE WHAT IT MEANS TO FOR A COMPANY LIKE TARGET TO HAVE A DEBIT TO EQUITY RATIO OF 3.0? Explain in simple terms what it means for example does target have to rely 3 times on more financing or only 2 times as much on financing because they are able to raise equity. Target in this example as a total debt of 3 million and an equity of 1 million. Also explain what a current ratio of 1.0 for Target means?

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