A firm has a long-term debt-equity ratio of 0.43. Shareholders' equity is $1.3 million. Current assets are $221,000, and total assets are $1.989 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

A firm has a long-term debt-equity ratio of 0.43. Shareholders' equity is $1.3 million. Current assets are $221,000, and total assets are $1.989 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 23MCQ

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