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JKL Inc. provides the following details from its balance sheet: Total Liabilities: $600,000 Total Equity: $400,000 Requirements: a. Calculate the Total Assets of JKL Inc.

JKL Inc. provides the following details from its balance sheet:

Total Liabilities: $600,000
Total Equity: $400,000 Requirements: a. Calculate the Total Assets of JKL Inc. b. Calculate the Debt-to-Assets ratio.

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