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Which of the following formulas can be used to calculate the debt ratio?
Surety
A person who promises to perform the same obligation as another person (the principal) and who is jointly liable along with the principal for that obligation’s performance.
Exoneration
The act of being relieved from a responsibility, obligation, or hardship; often used in legal contexts to denote clearing from guilt or blame.
Artisans Liens
Legal claims granted to artisans or mechanics who have rendered services or provided materials, securing their right to payment.
Statute
A written law passed by a legislative body at the national or local level.
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