Jiminy Cricket Removal has a profit margin of 8 percent, total asset turnover of 1.24, and ROE

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Jiminy Cricket Removal has a profit margin of 8 percent, total asset turnover of 1.24, and ROE of 14.30 percent. What is this firm's debt-equity ratio?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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