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The following balances and amounts were taken from the financial statements of Freddo, Inc

Accounting

The following balances and amounts were taken from the financial statements of Freddo, Inc. Cash Accounts receivable Gross profit Net sales Net income Shareholders' equity Total assets $200,000 47.000 350.000 800,000 46.000 200.000 400.000 The debt to total assets ratio is 50% 40% 3036 60%

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