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What is the total debt to asset ratio

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Reference no: EM131140365

A firm has total assets of $2,000,000. It has $900,000 in long-term debt. The stockholders equity is $900,000. What is the total debt to asset ratio?

A) 45% 

B) 40% 

C) 55% 

D) None of the above

Reference no: EM131140365

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