John Industries has a profit margin of 6.2%, total asset turnover of 2.1, and a return on equity (ROE) of 21.42%. What is the firm's debt-equity ratio? (Financial Accounting)
John Industries has a profit margin of 6.2%, total asset turnover of 2.1, and a return on equity (ROE) of 21.42%. What is the firm's debt-equity ratio? (Financial Accounting)
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Transcribed Image Text:John Industries has a profit margin
of 6.2%, total asset turnover of 2.1,
and a return on equity (ROE) of
21.42%.
What is the firm's debt-equity
ratio? (Financial Accounting)
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