Question
Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.4 Return on assets (ROA) 4% Return on equity (ROE) 7% Liabilities-to-assets
Assume you are given the following relationships for the Haslam Corporation:
Sales/total assets 1.4 Return on assets (ROA) 4% Return on equity (ROE) 7%
Liabilities-to-assets ratio:%
Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
%
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
