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Cairns Travel, Inc. has a total asset turnover in row 9 and a net profit margin in row 10. The firm has a return on

Cairns Travel, Inc. has a total asset turnover in row 9 and a net profit margin in row 10. The firm has a return on equity in row 11. a) Calculate the company's debt ratio. b) Briefly explain how the company's debt ratio will impact on equity investors.

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