Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31, 2019.

Question:

Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31, 2019. Trevor calculates that 40% of assets are designated as current, while $500,000 of Trevor's total liabilities are long-term.
Required:
Calculate Trevor's debt to assets ratio and its long-term debt to equity ratio.

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