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Mitchell Florists had the following total assets, liabilities, and equity as of December 31. Assets $450,000 Liabilities $135,000 Equity $315,000 What is Mitchells debt ratio
Mitchell Florists had the following total assets, liabilities, and equity as of December 31.
| Assets | $450,000 |
| Liabilities | $135,000 |
| Equity | $315,000 |
30%
100%
43%
70%
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
