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You are the accountant for a department store. You have 300M in asset and 45%...

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Accounting

You are the accountant for a department store. You have 300M in asset and 45% of that number is your debt.

You would like a loan to buy more denim.

What is your financial leverage ratio?

How much do you need to borrow if you want a leverage ratio of 6?

Would you recomend this action?

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