Answered: Zombie Corp. has a profit margin of…

Zombie Corp. has a profit margin of 7.6%, total asset turnover of 3.9, and ROE of 32.55%. 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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Question

Zombie Corp. has a profit margin
of 7.6%, total asset turnover of
3.9, and ROE of 32.55%.
What is this firm's debt-equity
ratio?

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