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eBook Debt Ratio Vigo Vacations has $ 3 0 0 million in total assets, $ 4 million in notes payable, and $ 3 2 million

eBook

Debt Ratio

Vigo Vacations has $

300

million in total assets, $

4

million in notes payable, and $

32

million in long

-

term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.

%

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