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QUESTION 23 Lewis Inc. wants to double the current return on equity by making some changes. The company currently has a total assets turnover of
QUESTION 23 Lewis Inc. wants to double the current return on equity by making some changes. The company currently has a total assets turnover of 0.26, a profit margin of 5.21 percent, and a debt ratio of 0.63. If the CFO thinks that the profit margin can be boosted to 7 percent, and that she can generate an additional $0.50 of sales revenue generated by every dollar of assets, what should be her new debt ratio? O a. 0.41 b.0.60 c. 0.34 n O d. 0.52 O e.0.27
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