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Minden Co has sales of $500,000, operating profit of $50,000, interest expense of $10,000, tax expense of $20,000, total equity of $125,000 and total debt

Minden Co has sales of $500,000, operating profit of $50,000, interest expense of $10,000, tax expense of $20,000, total equity of $125,000 and total debt of $275,000. Their dept to assets ratio is? a) 50.00% b) 65.00% c) 68.75% d) 220.00%

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