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.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
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.
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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