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Lil Jon has total assets of $560,000, current assets of $340,000, current liabilities of $100,500, and total liabilities of $295,500. What is his debt-to-asset ratio?

Lil Jon has total assets of $560,000, current assets of $340,000, current liabilities of $100,500, and total liabilities of $295,500. What is his debt-to-asset ratio? (Show your calculations)

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