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XY Inc. operates in heavy machinery industry. In year 2021, its total debt ratio is 0.71, and its industry mean total debt ratio is 0.62,

XY Inc. operates in heavy machinery industry. In year 2021, its total debt ratio is 0.71, and its industry mean total debt ratio is 0.62, this suggests that XY is less leveraged than its peers. True or False True False

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