Question: Given the following Year 12 balance sheet data for a footwear company: Based on the above figures and the formula for calculating the debt-assets ratio,

Given the following Year 12 balance sheet data for a footwear company: Based on the above figures and the formula for calculating the debt-assets ratio, the company's debt-assets ratio (where debt is defined to include both short-term and long-term debt) is 0.418. 0.114. 0.382. 0.321. 0.436

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