Problem leverage lo3a firm has a long-term debt-equity, Ask an Expert

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Problem Leverage (LO3)

A firm has a long-term debt-equity ratio of .4. Shareholders’ equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)

Total debt ratio

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91582136

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