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Question 1: Suppose a firm has $90 billion in total assets. The market value of the firms equity shares is $50 billion, and the firm

Question 1:

Suppose a firm has $90 billion in total assets. The market value of the firms equity shares is $50 billion, and the firm has long-term debt worth $30 billion.

1a. What is the firms long-term debt ratio?

1b. What is the firm's long-term debt to equity ratio?

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