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  3. 3 a firm has a long-term debt-equity ratio of 0.4.

3 A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $0.92 million....

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3 A firm has a long-term debt-equity ratio of 0.4. Shareholders' equity is $0.92 million. Current assets are $380,000, and the current ratio is 2.0. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Total debt ratio 0.33

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