Problem $29-8$ Measuring leverage

A firm has a long$-$term debt$-$equity ratio of $0\mathrm{.}40.$ Shareholders' equity is $$1$ million. Current assets are $$200,000,$ and total assets are

$$1\mathrm{.}5$ million. If the current ratio is $2\mathrm{.}0,$ what is the ratio of debt to total long$-$term capital?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Debt to total long$-$term capital