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show me how you got that answer. You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of

show me how you got that answer.

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $35.25 million in assets with $32.75 million in debt and $2.50 million in equity. LotsofEquity, Inc. finances its $35.25 million in assets with $2.50 million in debt and $32.75 million in equity.

Calculate the debt ratio.(Round your answers to 2 decimal places.)

Debt ratio
LotsofDebt ? %
LotsofEquity ? %

Calculate the equity multiplier.(Round your answers to 2 decimal places.)

Equity multiplier
LotsofDebt ? times
LotsofEquity ? times

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