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What the company debt ratio on the last year-end was

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Reference no: EM132484223

Question 1: At the end of the current year, Leer Company reported total liabilities of $320,000 and total equity of $120,000. The company's debt ratio on the last year-end was:

Multiple Choice

Option 1: 267%.

Option 2: 37.5%.

Option 3: 72.7%.

Option 4: 3.67%.

Option 5: $440,000

Reference no: EM132484223

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