(3-6) Why is it somem other firms that operate in the same m Solutions Shownin Appendix LF-TEST PROBLEM S rrent liabilities, $150 million in total liabilities uity: Argent has no preferred stock. Argent's total (ST) Argent Corporation has $60 million in cur Debt Ratio atio and $210 million in total common equity; Argent has no preferr debt is $120 million. What is the debt-to-assets ratior What is the debt-to-equity ratio? (ST-2) The following data apply to Jacobus and Associates (millions of dollars): Ratio Analysis Cash Fixed assets Sales Net income Quick ratio Current ratio DSO ROE $ 400 4,300 $14,600 $ 730 2.0 3.0 40 days 12.5% Jacobus (5) ROA, (6) and (10) and has no preferred stock-only common equity, current liabilities, and long-term debt. acobus's (1) accounts receivable, (2) current liabilities, (3) current assets, (4) total assets common equity, (7) long-term debt, (8) equity multiplier, (9) profit margin, total asset turnover. Substitute your calculated profit margin, total asset turnover, equity equity multiplier into the DuPont equation and verify that resulting ROE is 12.5%. EMS Answers Are in Appendix B