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  3. a firm has $10 million in current liabilities, $20

A firm has $10 million in current liabilities, $20 million in long-term debt, $30 million...

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Accounting

A firm has $10 million in current liabilities, $20 million in long-term debt, $30 million in stockholders' equity, and total assets of $60 million. There are 1 million shares outstanding with a share price of $40. What is the debt ratio?

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