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A manufacturing company reports a return on equity of 18%, profit margin of 6%, and asset turnover of 2.0. Calculate its debt-equity ratio.

A manufacturing company reports a return on equity of 18%, profit margin of 6%, and asset turnover of 2.0. Calculate its debt-equity ratio.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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A manufacturing company reports a return on equity of 18%, profit margin of 6%, and asset turnover of 2.0. Calculate its debt-equity ratio.
Transcribed Image Text:A manufacturing company reports a return on equity of 18%, profit margin of 6%, and asset turnover of 2.0. Calculate its debt-equity ratio.
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