Dearborn Supplies has total sales of $206 million, assets of $94 million, a return on equity of 32 percent, and a net profit margin of 7.8 percent. What is the firm's debt ratio?
Dearborn Supplies has total sales of $206 million, assets of $94 million, a return on equity of 32 percent, and a net profit margin of 7.8 percent. What is the firm's debt ratio?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Question
Dearborn Supplies has total sales of
$206
million, assets of
$94
million, a
32
percent, and a net profit margin of
7.8
percent. What is the firm's debt ratio?
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