Joe owns and operates socccer stores of america he has, Financial Management

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Joe owns and operates socccer stores of america he has

Joe owns and operates Socccer Stores of America. He has $400000 of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $800000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor.

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Financial Management: Joe owns and operates socccer stores of america he has

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