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A firm has a long-term debt-equity ratio of 0.47. Shareholders' equity is $1.7 million. Current assets are $323,000, and total assets are $2.669 million.
A firm has a long-term debt-equity ratio of 0.47. Shareholders' equity is $1.7 million. Current assets are $323,000, and total assets are $2.669 million. If the current ratio is 1.9, what is the ratio of debt to total long-term capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Debt to total long-term capital 31.97 x %
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