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Question : he following information was taken from Crazy A Corporation financial

he following information was taken from Crazy A Corporation financial statements as of the end of Year 2. Net sales $500,000 Cost of goods sold 300,000 Operating expenses 100,000 Interest expense 58,000 Income taxes expense 12,000 Total assets 180,000 Year 1 ending balance $150,000 Total liabilities 120,000 Year 1 ending balance $100,000 Total equity 60,000 Year 1 ending balance $ 45,000

Crazy A's debt to assets ratio is:

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