Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dearborn Supplies has total sales of $ 197 million, assets of $ 92 million, a return on equity of 27 percent, and a net profit
Dearborn Supplies has total sales of $ 197 million, assets of $ 92 million, a return on equity of 27 percent, and a net profit margin of 7.9 percent. What is the firm's debt ratio?
The company's debt ratio is __ Round to one decimal place.)
I got 0.37358696 and I didn't know what to round to for the correct answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started