Debt to long-term capital ratio

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Reference no: EM131065615

A firm has a long-term debt–equity ratio of 0.55. Shareholders’ equity is $1.4 million. Current assets are $425,000, and total assets are $2.420 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital? (Round your answer to 1 decimal places.)

Debt to long-term capital ratio ___%

Reference no: EM131065615

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Debt to long-term capital ratio : A firm has a long-term debt–equity ratio of 0.55. Shareholders’ equity is $1.4 million. Current assets are $425,000, and total assets are $2.420 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital?

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