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You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt,

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You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc, finances its $31.50 million in assets with $29.75 million in debt and $1.75 million in equity. LotsofEquity, Inc. finances its $31.50 million in assets with $1.75 million in debt and $29.75 million in equity. Calculate the debt ratio. (Round your answers to 2 decimal places.) Debt ratio % LotsofDebt, Inc. LotsofEquity, Inc. % Calculate the equity multiplier. (Round your answers to 2 decimal places.) LotsofDebt, Inc. LotsofEquity, Inc. Equity multiplier times times Calculate the debt-to-equity. (Round your answers to 2 decimal places.) Debt-to-equity times LotsofDebt, Inc. LotsofEquity, Inc. times

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