Kindle Fire Prevention Corp. has a profit margin of 4.6 percent, total asset turnover of 2.3, and
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Kindle Fire Prevention Corp. has a profit margin of 4.6 percent, total asset turnover of 2.3, and ROE of 19.14 percent. What is this firm’s debt–equity ratio?
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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