Kindle Fire Prevention Corp. has a profit margin of 5.8 percent, total asset turnover of 1.7, and ROE of 20.34 percent. What is this firm's debt equity ratio?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section5.4: Leverage Ratios
Problem 1CC
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Kindle Fire Prevention Corp. has a
profit margin of 5.8 percent, total asset
turnover of 1.7, and ROE of 20.34
percent. What is this firm's debt equity
ratio?
Transcribed Image Text:Kindle Fire Prevention Corp. has a profit margin of 5.8 percent, total asset turnover of 1.7, and ROE of 20.34 percent. What is this firm's debt equity ratio?
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