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Dearborn Supplies has total sales of $192 million, assets of $105 million, a return on equity of 33 percent, and a net profit margin of
Dearborn Supplies has total sales of
$192 million, assets of
$105 million, a return on equity of
33 percent, and a net profit margin of
7.6 percent. What is thefirm's debtratio?
I know the formula, in this case
29%=7.8% x 192/99 x 1/1- debt ratio
I think I am having issues with order of operations, I keep getting the wrong answer....please help
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