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Milfred, Inc. has return on equity (ROE) = 31.3 percent, accounts payable days = 24 days, return on assets (ROA) = 19.1 percent and net
Milfred, Inc. has return on equity (ROE) = 31.3 percent, accounts payable days = 24
days, return on assets (ROA) = 19.1 percent and net profit margin = 2.4 percent.
Compute Milfred's debt ratio (i.e., D/A).
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
