Question
Dearborn Supplies has total sales of $204 million, assets of $106 million, a return on equity of 29 percent, and a net profit margin of
Dearborn Supplies has total sales of $204 million, assets of $106 million, a return on equity of 29 percent, and a net profit margin of 7.3 percent. What is thefirm's debtratio?
Thecompany's debt ratio is _________%. (Round to one decimalplace.)
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
