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  3. 1. a firm has total assets of $3,000,000. it has $

1. A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The...

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Accounting

1. A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholders equity is $1,000,000. What is the debt to total asset ratio?

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