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(Enter answer as a 16. A firm has an ROA of 17% and a debt/equity ratio of 0.65. The firm's ROE is percent). 17. Assume
(Enter answer as a 16. A firm has an ROA of 17% and a debt/equity ratio of 0.65. The firm's ROE is percent). 17. Assume that XYZ, Inc. has: Debt ratio = 66.4% Net profit margin = 12.1% Return on assets (ROA) = 15.8% Find XYZ's Total Asset Turnover ratio. (Enter answer as a ratio-that is, do not convert to a percent). 18. Assume that your firm has ROA of 17.1%, ROE of 38.7% and Total Asset Turnover ratio of 2.75. Calculate the debt ratio for the firm. (Enter answer as a percent)
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