Question: Bobby Binckman owns and operates Soccer Stores of America. He has $150,000 of his own money in the business as equity capital, but because of

Bobby Binckman owns and operates Soccer Stores of America. He has $150,000 of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $750,000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor.

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