Calculate the debt ratio for the financial statements

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Reference no: EM131980679

Define and calculate the debt ratio for the following example of its last financial statements, ABC International had $500,000 of debt outstanding on its balance sheet, as well as $1,000,000 of assets.

You borrow $8,000 from your uncle and agree to repay in the three years an amount of $9,250. What is the interest rate on this loan? Round to the nearest percent.

Reference no: EM131980679

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