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Ajax Corporation has $10 million in debt and $75 in equity. The debt to equity ratio in lowest terms is 2:15.
Nation's Banks
Financial institutions owned or chartered by a country's government, involved in national economic management.
Failed
Unsuccessful in achieving desired goals or outcomes.
1929-1933
The period marking the beginning of the Great Depression, a severe worldwide economic downturn.
Great Depression
A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by widespread unemployment, poverty, and deflation.
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