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Croc Gator Removal has a profit margin of 6.4 percent, total asset turnover of 1.73, and ROE of 14.3 percent. What is this firm's debt- equity ratio?

Croc Gator Removal has a profit margin of 6.4 percent, total asset turnover of 1.73, and ROE of 14.3 percent. What is this firm's debt- equity ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 10P
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Croc Gator Removal has a profit margin of 6.4 percent, total asset turnover of 1.73, and ROE of 14.3 percent. What is this firm's debt- equity ratio?
Transcribed Image Text:Croc Gator Removal has a profit margin of 6.4 percent, total asset turnover of 1.73, and ROE of 14.3 percent. What is this firm's debt- equity ratio?
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