Question
11. Earth Alliance Corp. has a profit margin of 10%, total asset turnover of 1.50, and ROE of 24%, so its debt-equity ratio should be
11. Earth Alliance Corp. has a profit margin of 10%, total asset turnover of 1.50, and ROE of 24%, so its debt-equity ratio should be ______.
a. 0.60
b. 0.80
c. 1.20
d. 1.60
e. 2.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
