Answer: The total debt ratio is 0.36
The debt ratio and the debt equity ratio are established by the following identity:
[tex]Debt Ratio = \frac{D/E}{1+D/E}[/tex]
where D/E is debt equity ratio
Substituting the value of D/E ratio in the formula above we get,
[tex]Debt Ratio = \frac{0.57}{1+0.57}[/tex]
[tex]Debt Ratio = \frac{0.57}{1.57}[/tex]
[tex]Debt Ratio = 0.36 [/tex]
