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Use the balance sheet data below Current liability $10 Long term debt $40 Deferred tax liability. $1 Deferred stock. $8 Common stock. $10 Premium on

Use the balance sheet data below

Current liability $10
Long term debt $40
Deferred tax liability. $1
Deferred stock. $8
Common stock. $10
Premium on common stock.$ 18
Retained earnings. $17
Compute the debt ratio.

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