A firm has a long-term debt-equity ratio of 0.43. Shareholders’ equity is $1.3 million. Current assets are $221,000, and total assets are $1.989 million. If the current ratio is 1.7, 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.

Answer rating: 100% (QA)

Longterm debtequity ratio 043 Shareholders equity 13 million Current assets 221000 Total a... View the full answer