Question
A company has an ROA of 8.83%, and an ROE of 18.80%. If the company has only $12 million in current assets, has no special
A company has an ROA of 8.83%, and an ROE of 18.80%. If the company has only $12 million in current assets, has no special liabilities (only debt obligations), a current ratio of 1.65, and has total equity of $57,000,000, what is the companys D/E ratio?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
