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Vigo Vacations has $196 million in total assets, $5.5 million in notes payable, and $23.5 million in long-term debt. What is the debt ratio? Round

Vigo Vacations has $196 million in total assets, $5.5 million in notes payable, and $23.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.

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