Blue Ridge Enterprises has the following data: • Profit Margin: 8.4% Total Asset Turnover: 1.75 Return on Equity (ROE): 22.05% What is the firm's Debt-Equity Ratio?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Blue Ridge Enterprises has the following data:
•
Profit Margin: 8.4%
Total Asset Turnover: 1.75
Return on Equity (ROE): 22.05%
What is the firm's Debt-Equity Ratio?
Transcribed Image Text:Blue Ridge Enterprises has the following data: • Profit Margin: 8.4% Total Asset Turnover: 1.75 Return on Equity (ROE): 22.05% What is the firm's Debt-Equity Ratio?
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