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Debt Ratio Vigo Vacations has $195 million in total assets, $4.5 million in notes payable, and $23.0 million in long-term debt. What is the debt

Debt Ratio Vigo Vacations has $195 million in total assets, $4.5 million in notes payable, and $23.0 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.

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