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What is the debt ratio of a company that has assets of $1,000,000, liabilities of $400,000, and equity of $600,000? a. 150% b. 60% c.

What is the debt ratio of a company that has assets of $1,000,000, liabilities of $400,000, and equity of $600,000?

	a.	150%
	b.	60%
	c.	67%
	d.	40%

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