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A firm's Cash balance is $6,300,000, Accounts Receivable balance is $6,700,000, Inventory balance is $5,000,000 and Fixed Assets balance is $21,000,000. The firm's Current Portion

A firm's Cash balance is $6,300,000, Accounts Receivable balance is $6,700,000, Inventory balance is $5,000,000 and Fixed Assets balance is $21,000,000. The firm's Current Portion of Long Term Debt balance is $3,900,000, Accounts Payable balance is $1,700,000, Long Term Bonds balance is $29,000,000 and Retained Earnings balance is $4,400,000. What is the firm's Long Term Debt Ratio?

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