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The firm has an equity multiplier of 2.4. The firm's assets financed with mix of long-term debt and common equity. What is the company's debt

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The firm has an equity multiplier of 2.4. The firm's assets financed with mix of long-term debt and common equity. What is the company's debt ratio? a. 0.42 b. 0.58 c. 0.64 d. 0.68 e. 0.78

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