Abc Company Has 1 Million In Assets And A Debt To Equity Ratio Of 66 2 3 If Abc

ABC Company has $1 million in assets and a debt-to-equity ratio of 66 2/3%. If ABC purchases an asset worth $200,000 with debt, its new debt-to-equity ratio will be:

100%.

80%.

75%.

66 2/3%

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