Question
Lancaster Toys has 5.1 percent profit margin, 1.84 percent total asset turnover and 16.2 percent return on equity. What is the debt-to-equity ratio?
Lancaster Toys has 5.1 percent profit margin, 1.84 percent total asset turnover and 16.2 percent return on equity. What is the debt-to-equity ratio? |
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Step: 1
To calculate the debttoequity ratio we need to use the information given and the formula for the rat...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
