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A firm has a long-term debt-equity ratio of 0.46. Shareholders equity is $1.6 million. Current assets are $320,000, and total assets are $2.496 million. If
A firm has a long-term debt-equity ratio of 0.46. Shareholders equity is $1.6 million. Current assets are $320,000, and total assets are $2.496 million. If the current ratio is 2.0, 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.
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