A firm has a long-term debt-equity ratio of 03 shareholders, Financial Management

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A firm has a long-term debt-equity ratio of 03 shareholders

A firm has a long-term debt-equity ratio of 0.3. Shareholders equity is $.99 million. Current assets are $279,000, and the current ratio is 1.8. 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: A firm has a long-term debt-equity ratio of 03 shareholders

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Financial Management: A firm has a long-term debt-equity ratio of 03 shareholders

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