Problem $4-16$ Leverage $($LO$3)$

$10$ points

A firm has a long$-$term debt$-$equity ratio of $0\mathrm{.}3.$ Shareholders' equity is $$0\mathrm{.}96$ million. Current assets are $$306,000,$ and the current ratio is $1\mathrm{.}8.$ The only current liabilities are notes payable. What is the total debt ratio?

Note: Round your answer to $2$ decimal places.

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