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A balance sheet balances assets with their sources of debt and equity financing. If a corporation has assets equal to $4,700,000 and a debt ratio

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A balance sheet balances assets with their sources of debt and equity financing. If a corporation has assets equal to $4,700,000 and a debt ratio of 57%, how much debt does the corporation have on its books? The amount of debt the corporation has on its books is $ (Round to the nearest dollar.)

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