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Question 2 . ( Chapter 6 ) Debt to Equity Ratio - Personal Equity Calculating the Debt - to - Equity Ratio. Thomas owns a

Question 2.(Chapter 6) Debt to Equity Ratio-Personal Equity
Calculating the Debt-to-Equity Ratio. Thomas owns a $160,000 townhouse and still has an unpaid mortgage of $120,000. In addition to his mortgage, he has the following liabilities:
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