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Requirements: - Given the following figures from a balance sheet: Total Liabilities: $870,000 Total Assets: $2,600,000 - Compute the debt ratio. - Express the debt

Requirements: - Given the following figures from a balance sheet:

  • Total Liabilities: $870,000
  • Total Assets: $2,600,000 - Compute the debt ratio. - Express the debt ratio as a percentage. - Provide the calculated debt ratio. -

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