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A firm has $100 million in current liabilities, $200 million in long-term debt, $300 million in stockholders' equity, and total book assets of $600 million. There are 100 million shares outstanding with a share price of $16. Calculate the debt ratio for the firm. A. 50 percent B. 33 percent C. 66.7 percent D. 11.1 percent
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A firm has $100 million in current liabilities, $200 million in long-term debt, $300 million in stoc...
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