Columbus Security Corp. has a ROE of 19%, profit margin of 6.6%, and total asset turnover of 1.3. What is the firm's debt-equity ratio? (Round it to two decimal place, e.g., 1.58)

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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Columbus Security Corp. has a ROE of 19%, profit
margin of 6.6%, and total asset turnover of 1.3.
What is the firm's debt-equity ratio? (Round it to
two decimal place, e.g., 1.58)
Transcribed Image Text:Columbus Security Corp. has a ROE of 19%, profit margin of 6.6%, and total asset turnover of 1.3. What is the firm's debt-equity ratio? (Round it to two decimal place, e.g., 1.58)
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