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Debt Ratio Vigo Vacations has $197 million in total assets, $5.1 million in notes payable, and $24.0 million in long-term debt. What is the debt

Debt Ratio

Vigo Vacations has $197 million in total assets, $5.1 million in notes payable, and $24.0 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.

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