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QS 2-15 Computing and using the debt ratio LO A2 In a recent year's financial statements. Home Depot reported the following: Total Habilities - $38,633

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QS 2-15 Computing and using the debt ratio LO A2 In a recent year's financial statements. Home Depot reported the following: Total Habilities - $38,633 million and Total assets - $42.966 million. Compute Home Depot's debt ratio (assume competitors average a 60.0% debt ratio) (Round your answer to one decimal place.)

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