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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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