Question: A firm has a long - term debt - equity ratio of 0 . 3 . Shareholders' equity is $ 0 . 9 0 million.

A firm has a long-term debt-equity ratio of 0.3. Shareholders' equity is $0.90 million. Current assets are $360,000, and the current ratio is 1.8. The only current liabilities are notes payable. What is the total debt ratio?
Note: Round your answer to 2 decimal places.
Total debt ratio:
A firm has a long-term debt-equity ratio of 0.3. Shareholders' equity

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