Kindle Fire Prevention Corp. has a profit margin of 6.3 percent, a total asset turnover of 2.2, and an ROE of 18.44 percent. What is this firm's debt- equity ratio?
Kindle Fire Prevention Corp. has a profit margin of 6.3 percent, a total asset turnover of 2.2, and an ROE of 18.44 percent. What is this firm's debt- equity ratio?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Question
What is the firm's debt equity ratio??
![Kindle Fire Prevention Corp. has a profit margin
of 6.3 percent, a total asset turnover of 2.2, and
an ROE of 18.44 percent. What is this firm's debt-
equity ratio?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F308bd41b-87d9-4559-9ff4-ce705ba8acd9%2F703cd9fb-b94a-4559-a238-8e56dc07ab1d%2Fbljle64_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kindle Fire Prevention Corp. has a profit margin
of 6.3 percent, a total asset turnover of 2.2, and
an ROE of 18.44 percent. What is this firm's debt-
equity ratio?
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