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Stephanie, Inc. has a profit margin of 9 percent, a total asset turnover of 1.5, and an ROE of 17.20 percent. What is this firm's debt-equity ratio?

Stephanie, Inc. has a profit margin of 9 percent, a total asset turnover of 1.5, and an ROE of 17.20 percent. What is this firm's debt-equity ratio?

Intermediate Financial Management (MindTap Course List)
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 firm's debt equity ratio on these financial accounting question?

Stephanie, Inc. has a profit margin of 9 percent, a total asset turnover of 1.5, and an ROE of 17.20 percent. What is this firm's debt-equity ratio?
Transcribed Image Text:Stephanie, Inc. has a profit margin of 9 percent, a total asset turnover of 1.5, and an ROE of 17.20 percent. What is this firm's debt-equity ratio?
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