Profit margin 8%, total assets turnover 1.24 and ROE @ 14.30 What is the debit 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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What is the debit equity ratio on these accounting question?

Profit margin 8%, total assets turnover 1.24 and ROE @ 14.30
What is the debit equity ratio?
Transcribed Image Text:Profit margin 8%, total assets turnover 1.24 and ROE @ 14.30 What is the debit equity ratio?
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