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In its annual report Driver Enterprises reported total debt of $815 and total assets of $1,797. Reviewing its footnote,you have determined that the present value of its future lease obligations to be $784 What would be the debt ratio of the firm after incorporating the impact of the operating leases? Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%.

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Financial Management, Finance

Category:- Financial Management
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