Zombie Corp. has a profit margin of 5.3%, total asset turnover of 2.4, and ROE of 19.84%. What is this firm's debt-equity ratio?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Accounting. What is the firm's debt-equity ratio?

Zombie Corp. has a profit margin of 5.3%,
total asset turnover of 2.4, and ROE of
19.84%.
What is this firm's debt-equity ratio?
Transcribed Image Text:Zombie Corp. has a profit margin of 5.3%, total asset turnover of 2.4, and ROE of 19.84%. What is this firm's debt-equity ratio?
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