Tuesday
July 29, 2014

Homework Help: Corporate Finance

Posted by shari on Sunday, June 2, 2013 at 5:41pm.

A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity is $1.07 million. Current assets are $256,500, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)

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