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Rivera Corp. has total assets of $1,500,000 and total liabilities of $900,000. The industry average debt-to-equity ratio is 1.50. Calculate Rivera's debt-to-equity ratio and determine if the company has a higher or lower default risk compared to the industry average.

Rivera Corp. has total assets of $1,500,000 and total liabilities of $900,000. The industry average debt-to-equity ratio is 1.50. Calculate Rivera's debt-to-equity ratio and determine if the company has a higher or lower default risk compared to the industry average.

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Rivera Corp. has total assets of $1,500,000 and total liabilities of $900,000. The industry average debt-to-equity ratio is 1.50. Calculate Rivera's debt-to-equity ratio and determine if the company has a higher or lower default risk compared to the industry average.
Transcribed Image Text:Rivera Corp. has total assets of $1,500,000 and total liabilities of $900,000. The industry average debt-to-equity ratio is 1.50. Calculate Rivera's debt-to-equity ratio and determine if the company has a higher or lower default risk compared to the industry average.
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