Answered: information and want to calculate the…

information and want to calculate the debt-to-equity ratio for the firm. Return on Equity: 23.87% Profit Margin: 13.81% Total Asset

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

You have access to the following information and want to calculate the debt-to-equity ratio for the firm.

Return on Equity: 23.87%

Profit Margin: 13.81%

Total Asset Turnover: 0.65

Answer as a DECIMAL using two decimal places.

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