Benefield, Inc. has a total assets turnover of 0.23, a profit margin of 14.17 percent, and a debt ratio of 0.31. The CFO, Cole, wants to double the current return on equity by making some changes. If he thinks that the profit margin can be boosted to 15 percent, and that he can generate $0.35 of sales revenue generated by every dollar of assets, what debt ratio would be needed to double the return on equity? (1-0.31) a. .3849 b.4438 PM AT EM c. 1.799 d. .2204 e. .5248 .047/2=14.17 2 t 0945= 15 .0945 *23 035 # -69 1=8 = 1/2 E of A 0,56 1-.56= [044] A What would

Benefield, Inc. has a total assets turmover of 0.23 , a profit margin of 14.17 percent, and a debt ratio of 0.31 . The CFO, Cole, wants to double the current return on equity by making some changes. If he thinks that the profit margin can be boosted to 15 percent, and that he can generate $0.35 of sales revenue generated by every dollar of assets, what debt ratio would be needed to double the return on equity? a. 3849 (b) 4438 c. 1.799 d. 2204 e. 5248