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Jackson Corporation has a profit margin of 5.4 percent, total asset turnover of 2.1, and ROE of 19.94 percent. What is this firms debt-equity ratio?
Jackson Corporation has a profit margin of 5.4 percent, total asset turnover of 2.1, and ROE of 19.94 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.) Why is 1.00 subtracted from the equity Multiplier to get the debt-equity ratio?
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