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A firm has a long-term debt-equity ratio of 0.39. Shareholders equity is $956,300. Current assets are $222,800, and the current ratio is 2.46. The only

A firm has a long-term debt-equity ratio of 0.39. Shareholders equity is $956,300. Current assets are $222,800, and the current ratio is 2.46. The only current liabilities are notes payable. What is the total debt ratio?

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