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already posted but the answer was wrong A firm has a long-term debt-equity ratio of 0.5 . Shareholders' equity is $1.04 million. Current assets are
already posted but the answer was wrong
A firm has a long-term debt-equity ratio of 0.5 . Shareholders' equity is $1.04 million. Current assets are $228,000, 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 Step by Step Solution
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