A firm has a long-term debtndashequity ratio of 58, Ask an Expert

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A firm has a long-term debt–equity ratio of .58. Shareholders’ equity is $1.7 million. Current assets are $560,000, and total assets are $2.966 million. If the current ratio is 2.0, what is the ratio of debt to total long-term capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Debt to long-term capital _________%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92402193

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