Question: 15. Given the following data: Long term debt = 100; Value of leases = 20; Book value of equity = 80; Market value of equity

15. Given the following data: Long term debt = 100; Value

15. Given the following data: Long term debt = 100; Value of leases = 20; Book value of equity = 80; Market value of equity = 100, calculate the debt ratio. A. 0.56 B. 0.50 C. 0.55 D. 0.60

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