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?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Accounting glenboro fire prevention corp.

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?
Transcribed Image Text: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?
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