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Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31 . Trevor calculates that 40% of assets are designated
Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31 . Trevor calculates that 40% of assets are designated as current, while $500,000 of Trevor's total liabilities are long-term. Required: Calculate Trevor's debt to assets ratio and its long-term debt to equity ratio. Round your answers to two decimal places
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