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The equity multiplier of Company R is 2. Company R has account receivables worth $1,200, total fixed assets worth $2,500, total notes payable worth $300,
The equity multiplier of Company R is 2. Company R has account receivables worth $1,200, total fixed assets worth $2,500, total notes payable worth $300, long-term bonds worth $2,000 and total assets worth $5,000. What is the debt ratio of Company R? Assume that the company issues no preferred stocks
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