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 =?

Answer rating: 100% (QA)

To calculate the total debt ratio we need to find out the total de... View the full answer