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A firm has a long-term debt-equity ratio of .3. Shareholders equity is $1.08 million. Current assets are $252,000, and the current ratio is 1.8. The

A firm has a long-term debt-equity ratio of .3. Shareholders equity is $1.08 million. Current assets are $252,000, and the current ratio is 1.8. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.) Total debt ratio

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