Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Problem 3-15 Ratios and Fixed Assets
|
The Mikado Company has a ratio of long-term debt to long-term debt plus equity of .26 and a current ratio of 1.1. Current liabilities are $820, sales are $6,240, profit margin is 8.5 percent, and |
Expert Solution
Step 1
Information Provided:
- Long-term debt to total debt plus equity = 0.26
- Current ratio = 1.1
- Current liabilities = $820
- Sales = $6240
- Profit margin = 8.5%
- ROE = 18.70%
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