A firm has a long-term debtndashequity ratio of 055, Ask an Expert

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A firm has a long-term debt–equity ratio of 0.55. Shareholders’ equity is $1.4 million. Current assets are $425,000, and total assets are $2.420 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital? (Round your answer to 1 decimal places.)

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