Question: Problem 4-21 Leverage (RANDOM) A firm has a long-term debt-equity ratio of 0.54. Shareholders equity is $853,000. Current assets are $398,200, and the current ratio

Problem 4-21 Leverage (RANDOM)

A firm has a long-term debt-equity ratio of 0.54. Shareholders equity is $853,000. Current assets are $398,200, and the current ratio is 2.04. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)

Total debt ratio

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