Question: What is the approximate total debt ratio ( or total / liabilities / total assets ) for a firm with a total debt - equity

What is the approximate total debt ratio (or total/liabilities/total assets) for a firm with a total debt-equity ratio of .65?
What is the approximate total debt ratio (or total/liabilities/total assets) for a firm with a total debt-equity ratio of .65?
35%
39%
54%
65%

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