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11 March, 12:16

Which of the following best describes a highly leveraged firm? A firm that relies heavily on equity A firm that has higher current assets than current liabilities A firm that has twice more equity than debt A firm that relies heavily on debt

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  1. 11 March, 12:43
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    A firm that relies heavily on debt are the firm that describe a highly leverage firm. Highly leveraged firm refer to a firm that depends on borrowed capital. They have higher debt that equity. Their debt is what they considered as asset.
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