Accounting glenboro fire prevention corp. Glenboro Fire Prevention Corp. has a profitmargin of 6.80%, total asset turnover of 1.95,and ROE of 18.27%. What is this firm's debt-equity ratio?

Step 1:- Define Debt-Equity RatioThe firm's debt-equity ratio is one of the leverage ratios that…

Answered: Glenboro Fire Prevention Corp. has a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using the Du Pont method, evaluate the effects of the following relationships for the Butters Corporation. a. Butters Corporation has a profit margin of 5 percent and its return on assets (investment) is 22.5 percent. What is its assets turnover? (Round your answer to 2 decimal places.) b. If the Butters Corporation has a debt-to-total-assets ratio of 55.00 percent, what would the firm's return on equity be? (Input your answer as a percent rounded to 2 decimal places.) c. What would happen to return on equity if the debt-to-total-assets ratio decreased to 50.00 percent? (Input your answer as a percent rounded to 2 decimal places.)
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Glenboro Fire Prevention Corp. has a profit margin of 6.80%, total asset turnover of 1.95, and ROE of 18.27%. What is this firm's debt- equity ratio?