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QUESTION
ABC Company has $1 million in assets and a debt-to-equity ratio of 66 2/3%. If ABC purchases an asset worth $200,000 with debt, its new...
ABC Company has $1 million in assets and a debt-to-equity ratio of 66 2/3%. If ABC purchases an asset worth $200,000 with debt, its new debt-to-equity ratio will be:
100%.
80%.
75%.
66 2/3%
