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how would i solve excercise 2? Exercise #2: A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $1.03 million. Current assets are

how would i solve excercise 2? image text in transcribed
Exercise #2: A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $1.03 million. Current assets are $230,000, and the current ratio is 2.0. The only current liabilities are notes payable. What is the total debt to equity ratio? Long Term Debt = $ .....(13) Current Liabilities = $ [14] Total Debt-to-Equity Ratio = .....[15]

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