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Posted: **Sat Nov 27, 2021 5:36 pm**

: Check My Work A Firm Has A Long Term Debt Equity Ratio Of 4 Shareholders Equity Is 1 Million Current Assets Are 200 1 (55.67 KiB) Viewed 62 times

Check my work 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