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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) = 0.28 (expressed
Given the following information for the Duke Tire Company, find the firm's debt ratio (i.e., total liabilities / total assets):
ROE (N/E) = 0.28 (expressed as a decimal)
Total asset turnover ratio (S/A) = 4.1
Net profit margin (N/S) = 0.08 (expressed as a decimal)
Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer. For example, record .347924 = 34.7924% as 34.8.
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