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Question 6 Charles Mfg Company has a total debt ratio of 0.31. So if total debt/total assets is 0.31, total equity/total assets must equal Therefore

Question 6 Charles Mfg Company has a total debt ratio of 0.31. So if total debt/total assets is 0.31, total equity/total assets must equal Therefore debt-equity ratio is and the equity multiplier is ENTER ANSWER to 2 decimal places

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