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Which of the following statements is incorrect? The higher the debt-to-equity ratio, the more profit the company has recorded The higher the debt-to-equity ratio, the

Which of the following statements is incorrect?

The higher the debt-to-equity ratio, the more profit the company has recorded

The higher the debt-to-equity ratio, the more debt the company has on its balance sheet

The debt-to-equity ratio analyzes the relationship between total liabilities and total equity

A high debt-to-equity ratio means the company has a lot of debt in relation to equity

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