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Given the following information for Jackson's Boots, calculate its Debt Ratio for the current year. $ in Thousands 20X2 Total assets $250 Total liabilities $100

Given the following information for Jackson's Boots, calculate its Debt Ratio for the current year. $ in Thousands 20X2 Total assets $250 Total liabilities $100 Total equity $150 Multiple choice question. .40 .66 2.50

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