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A firm has a long-term debt-equity ratio of 0.5. Shareholders equity is $1.01 million. Current assets are $199,500, and the current ratio is 1.9. The
A firm has a long-term debt-equity ratio of 0.5. Shareholders equity is $1.01 million. Current assets are $199,500, and the current ratio is 1.9. 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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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
