T is the financial leverage that describes the situation, Accounting Basics

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T is the financial leverage that describes the situation

Problem

One third of company X's asset purchases were financed by taking out a loan from the bank. The remainder of the asset purchases were financed by selling shares of company X's common stock. What is the financial leverage (ratio) that describes this situation?

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Accounting Basics: T is the financial leverage that describes the situation

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Accounting Basics: T is the financial leverage that describes the situation

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