Calculate total debt ratio
Question: A company has a long term debt equity ratio of 4. Shareholders equity is 1 million dollar. Current assets are $200,000 & the current ratio is 2. The only current liabilities are notes payable. Calculate the total debt ratio?
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A company has a long term debt equity ratio of 4. Shareholders equity is 1 million dollar. Current assets are $200,000 & the current ratio is 2.
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