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A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1.06 million. Current assets are $260,000, and the current ratio is 2.0. The

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A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1.06 million. Current assets are $260,000, and the current ratio is 2.0. 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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