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Jennings Company has total assets of $437 million, its total liabilties are $116.5 malion. Its equity is $320.5 malion. Calculate the debt ratio (Round your

Jennings Company has total assets of $437 million, its total liabilties are $116.5 malion. Its equity is $320.5 malion. Calculate the debt ratio (Round your aniwer to 1 decimal place.) Multiple Choice 15.4% 13.8%

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