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At the beginning of the current year, Snell Company's total assets were $249,000 and its...

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Accounting

At the beginning of the current year, Snell Company's total assets were $249,000 and its total liabilities were $173,700. During the year, the company reported total revenues of $93,000 and total expenses of $81,000. There were no other changes in total equity during the year, and total assets at the end of the year were $261,000. The company's debt ratio at the end of the current year is:

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