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Calculate the debt to equity ratio of this company in 2021 and 2020. Display all...

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Question

Accounting

Calculate the debt to equity ratio of this company in 2021 and 2020. Display all working. Consider the trend in your answer. explain whether this trend will make it harder or easier for the company to borrow money?

2020: Equity: $1526 Million

2021: Equity: $516 Million

2020: Net Debt: $ 4,734 Million

2021: Net Debt: $ 5,890 Million

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