Summit Fire Safety Corp. has a profit margin of 9.20%, a total asset turnover of 1.50, and an ROE of 20.15%. 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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Summit Fire Safety Corp. has a profit margin of 9.20%, a total
asset turnover of 1.50, and an ROE of 20.15%. What is this firm's
debt-equity ratio?
Transcribed Image Text:Summit Fire Safety Corp. has a profit margin of 9.20%, a total asset turnover of 1.50, and an ROE of 20.15%. What is this firm's debt-equity ratio?
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