Question: show formula for each step please 13. Leverage ratios A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets

show formula for each step please

13. Leverage ratios A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000, and total assets are $1.5 million. If the current ratio is 2.0, what is the ratio of debt to total long-term capital? cheet for Geomorph Trading: Page 767

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