Use the following information to answer questions
-What is the debt to total assets?
Definitions:
Sole Proprietorship
A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and liabilities.
UPA
Stands for Uniform Partnership Act, which is a set of laws adopted by various states in the United States that governs partnerships.
Article of Partnership
A written agreement that outlines the terms, conditions, and responsibilities of each partner in a partnership.
Partnership Contract
A legal agreement between two or more parties who wish to manage and operate a business together in order to share its profits.
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