Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Question

What is the firm's debt equity ratio on these financial accounting question?

Kindle Security Solutions has a profit margin of 7.1 percent, a total asset turnover of 1.9, and an ROE of 21.09 percent. What is this firm's debt-equity ratio?
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Transcribed Image Text:Kindle Security Solutions has a profit margin of 7.1 percent, a total asset turnover of 1.9, and an ROE of 21.09 percent. What is this firm's debt-equity ratio?
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