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05-02-2024
Business

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Consider this simplified balance sheet for Geomorph Trading:
Current assets $ 160 Current liabilities $90
Long-term assets 560 Long-term debt 250
Other liabilities 130
Equity 250
$ 720 $ 720

What is the ratio of total long-term debt to total long-term capital?
Note: Round your answer to 2 decimal places.

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