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Jack Corp. has a profit margin of 9.70 percent, total asset turnover of 1.42, and ROE of 18.64 percent. What is the firm's debt-equity ratio?

Jack Corp. has a profit margin of 9.70 percent, total asset turnover of 1.42, and ROE of 18.64 percent. What is the firm's debt-equity ratio?

Multiple Choice

  • 0.03

  • 0.74

  • 0.35

  • 0.32

  • 0.39

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