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Calculate Debt Ratio: Requirements: Given the following figures from a balance sheet: Total Liabilities: $300,000 Total Assets: $700,000 Compute the debt ratio. Express the debt

Calculate Debt Ratio: Requirements:
- Given the following figures from a balance sheet:
  - Total Liabilities: $300,000
  - Total Assets: $700,000
- Compute the debt ratio.
- Express the debt ratio as a percentage.
- Provide the calculated debt ratio.

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