TrekPro Industries has the following data: Profit Margin: 9.2% Total Asset Turnover: 1.4 Return on Equity (ROE): 22% What is the company'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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Please explain the solution to this financial accounting problem with accurate explanations.

TrekPro Industries has the following data:
Profit Margin: 9.2%
Total Asset Turnover: 1.4
Return on Equity (ROE): 22%
What is the company's debt-equity ratio?
Transcribed Image Text:TrekPro Industries has the following data: Profit Margin: 9.2% Total Asset Turnover: 1.4 Return on Equity (ROE): 22% What is the company's debt-equity ratio?
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