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A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $1.03 million. Current assets are $230,000, and the current ratio is 2.0. The

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A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $1.03 million. Current assets are $230,000, and the current ratio is 2.0. The only current liabilities are notes payable. What is the total debt ratio? Note: Round your answer to 2 decimal places

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