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FEY Inc. is manufacturing chemicals. It has total equity of $83,000 and total assets of $255,000. What is the total debt ratio? Interpret the total

FEY Inc. is manufacturing chemicals. It has total equity of $83,000 and total assets of $255,000. What is the total debt ratio? Interpret the total debt ratio of the company and compare it to the industry average for the total debt ratio is 0.55.

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