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Question 20 (2 points) Saved Lakewood Orthotics had $124,000,000 in sales last year. The company's profit margin was 3.6 percent. Its total assets turnover was
Question 20 (2 points) Saved Lakewood Orthotics had $124,000,000 in sales last year. The company's profit margin was 3.6 percent. Its total assets turnover was 2.5. The company's ROE was 17 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio? 1) 27.1 percent 2) 37.1 percent 3) 47.1 percent O 4) 49.1 percent 5) 110 percent
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