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What is mitchell debt ratio as of december

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Reference no: EM132018753

Question - Mitchell Florists had the following total assets, liabilities, and equity as of December 31.

Assets $450,000

Liabilities $135,000

Equity $315,000

What is Mitchell's debt ratio as of December 31?

30%

100%

43%

70%

Reference no: EM132018753

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