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If a firm has a debt-equity ratio of .45, long-term debt of $500, and equity of $2,000, then: a. current liabilities must be $400. b.
If a firm has a debt-equity ratio of .45, long-term debt of $500, and equity of $2,000, then:
a. current liabilities must be $400.
b. current assets must be $400.
c. retained earnings must be $900.
d. preferred stock must be $400.
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