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The Following Financial Statement Data Are Taken from Xeron Company's

question 55

Multiple Choice

The following financial statement data are taken from Xeron Company's 2012 annual report:
 (in millions)  Current assets $12.8Investments 9.4 Intangibles 6.8Property, plant, and equipment 58.1 Current liabilities 6.4 Long-term debt39.7Stockholders’ equity 40.8\begin{array}{lccc}&\text { (in millions) }\\ \text {Current assets } & \$12.8\\ \text {Investments } &9.4\\ \text { Intangibles } &6.8\\ \text {Property, plant, and equipment } &58.1\\ \text { Current liabilities } &6.4\\ \text { Long-term debt} &39.7\\ \text {Stockholders' equity } &40.8\end{array}

Compute the debt ratio.

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Definitions:

Hypodermis

Loose areolar connective tissue found deep to the dermis that connects the skin to muscle or bone.

Dense Connective Tissue

A type of connective tissue with closely packed collagen fibers, giving it strength and durability, often found in tendons and ligaments.

Fibroblasts

Cells found in connective tissue, responsible for producing collagen and other fibers.

Adipocytes

Cells specialized in storing energy as fat, found mainly in adipose tissue.

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