Kindle Security Solutions has a profit margin of 7.1 percent, a total asset turnover of 1.9, and an ROE of 21.09 percent. What is this firm's debt-equity ratio?
Kindle Security Solutions has a profit margin of 7.1 percent, a total asset turnover of 1.9, and an ROE of 21.09 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 on these financial accounting question?

Transcribed Image Text:Kindle Security Solutions has a profit margin of 7.1 percent, a total
asset turnover of 1.9, and an ROE of 21.09 percent.
What is this firm's debt-equity ratio?
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