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The following balance sheet data is provided: Current Liabilities $200 million Long-term Debt $400 million, Stockholders' equity $600 million Calculate the debt ratio (Total Debt/Total

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The following balance sheet data is provided: Current Liabilities $200 million Long-term Debt $400 million, Stockholders' equity $600 million Calculate the debt ratio (Total Debt/Total Assets) for the firm. Please write your answers for all sections in the space provided below. I want to see your steps for the result. Just showing the result will not be acceptedpadditionally , strong similarities in the calculations will be considered as cheating

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