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Blue Wave Electronics has a profit margin of 8.5%, a total asset turnover of 1.7, and an ROE of 21.25%. What is this firm's debt- equity ratio?

Blue Wave Electronics has a profit margin of 8.5%, a total asset turnover of 1.7, and an ROE of 21.25%. What is this firm's debt- equity ratio?

Intermediate Financial Management (MindTap Course List)
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 Wave Electronics has a profit margin of 8.5%, a total asset turnover of 1.7, and an ROE of 21.25%. What is this firm's debt- equity ratio?
Transcribed Image Text:Blue Wave Electronics has a profit margin of 8.5%, a total asset turnover of 1.7, and an ROE of 21.25%. What is this firm's debt- equity ratio?
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