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A firm has a long-term debt-equity ratio of 0.52. Shareholders' equity is $1.1 million. Current assets are $440,000, and total assets are $1.892 million. If
A firm has a long-term debt-equity ratio of 0.52. Shareholders' equity is $1.1 million. Current assets are $440,000, and total assets are $1.892 million. If the current ratio is 2.0, 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.)
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