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Maestro Co's Total assets were $ 4 , 0 0 0 , 0 0 0 , Total Liabilities - $ 3 , 0 0 0

Maestro Co's Total assets were $4,000,000, Total Liabilities- $3,000,000 and equity- $1,000,000. on December 31,20x1,Maestro Co securitized $1,000,000 of morgages using a securitization entity (SE).The cash recieved fron the SE was exactly $1,000,000,so it recognized no gain or loss on the transaction.Maestro Co's net income for the year ended December 31,20x1,is $50,000. Which of the following is Maestro Co's financial leverage if it treats the transaction as collateralized borrowing?

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