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A firm has total debt of $6,000,000 and stockholder's equity is $4,000,000. The firm wants to calculate equity-to- total asset ratio in order to

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A firm has total debt of $6,000,000 and stockholder's equity is $4,000,000. The firm wants to calculate equity-to- total asset ratio in order to make decision about further raise of capital. What is the ratio? A 40% B 60% D 100% 50%

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