Amanda Industries had total assets of $600,000; total liabilities of $175,000; and total shareholders' equity of $425,000. Calculate Amanda Industries' debt ratio.

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The Answer of Amanda Industries had total assets of $600,000; total liabilities of $175,000; and total shareholders' equity of $425,000. Calculate Amanda Industries' debt ratio.

Amanda Industries Had Total Assets of $600,000; Total Liabilities of $175,000;