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 the firm's debt-equity ratio?"
Asset Turnover
Asset 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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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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