A firm has a long-term debt to equity ratio of .4. Shareholders' equity is $1 million. Current
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A firm has a long-term debt to equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000 and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)
Total debt ratio =?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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