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A firm has a long-term debt-equity ratio of 0.5. Shareholders equity is $1.04 million. Current assets are $228,000, and the current ratio is 1.9. The

A firm has a long-term debt-equity ratio of 0.5. Shareholders equity is $1.04 million. Current assets are $228,000, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio?

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