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You are considering a stock investment in one of two firms LotsofDebt Inc and LotsofEquity Inc both of which operate in the same industry LotsofDebt Inc finances its $3050 million in assets

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $30.50 million in assets with $29.25 million in debt and $1.25 million in equity. LotsofEquity, Inc. finances its $30.50 million in assets with $1.25 million in debt and $29.25 million in equity.

Calculate the debt ratio. (Round your answers to 2 decimal places.)

 

Apr 10 2020 View more View Less

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