Total Greens, Inc. has a profit margin of 10.6 percent, a total asset turnover of 1.6, and an ROE of 25 percent. The firm's debt-equity ratio is ___ times.
Total Greens, Inc. has a profit margin of 10.6 percent, a total asset turnover of 1.6, and an ROE of 25 percent. The firm's debt-equity ratio is ___ times.
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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![Total Greens, Inc. has a profit margin of 10.6 percent,
a total asset turnover of 1.6, and an ROE of 25 percent.
The firm's debt-equity ratio is ___ times.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafecf182-ad35-416a-ac17-e4b7cf22e6e4%2F8aff9733-916c-44c5-88d3-95af5921da98%2Fqmfu9t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total Greens, Inc. has a profit margin of 10.6 percent,
a total asset turnover of 1.6, and an ROE of 25 percent.
The firm's debt-equity ratio is ___ times.
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