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Given the following information for the Duke Tire Company, find the firm's debt ratio (i.e., total liabilities / total assets): ROE (N/E) = 0.34 (expressed

Given the following information for the Duke Tire Company, find the firm'sdebt ratio(i.e., total liabilities / total assets):

  • ROE (N/E) = 0.34 (expressed as a decimal)
  • Total asset turnover ratio (S/A) = 3.7
  • Net profit margin (N/S) = 0.03 (expressed as a decimal)

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