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A firm has a long - term debt - equity ratio of 0 . 4 9 . Shareholders' equity is $ 8 9 0 ,

A firm has a long-term debt-equity ratio of 0.49. Shareholders' equity is $890,500. Current assets are $324,700, and the current ratio is 2.36. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)
Total debt ratio
.26
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