Question: A firm has a long-term debt equity ratio of 0.3. Shareholders' equity is $102 million. Current assets are $198.000, and the current ratio is 1.8.

A firm has a long-term debt equity ratio of 0.3. Shareholders' equity is $102 million. Current assets are $198.000, and the current ratio is 1.8. The only current liabilities are notes payable What is the total debt ratio? (Round your answer to 2 decimal pinces) Total debt ratio

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