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Warsaw Production Company had $34,000,000 in sales last year. The company's net income was $800,000, its total assets turnover was 5.0, and the company's ROE
Warsaw Production Company had $34,000,000 in sales last year. The company's net income was $800,000, its total assets turnover was 5.0, and the company's ROE was 14 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio?
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