Zombie Corp. has a profit margin of 5.1 percent, total asset turnover of 1.95, and ROE of 16.15 percent. 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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Provide this question solution general accounting

Zombie Corp. has a profit margin of 5.1 percent, total
asset turnover of 1.95, and ROE of 16.15 percent.
What is this firm's debt-equity ratio?
Transcribed Image Text:Zombie Corp. has a profit margin of 5.1 percent, total asset turnover of 1.95, and ROE of 16.15 percent. What is this firm's debt-equity ratio?
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