Question
Jack Corp. has a profit margin of 4.3 percent, total asset turnover of 2.8, and ROE of 18.69 percent. What is this firms debt-equity ratio?
Jack Corp. has a profit margin of 4.3 percent, total asset turnover of 2.8, and ROE of 18.69 percent. What is this firms debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
