Glenboro Fire Prevention Corp. has a profit margin of 6.80 percent, total asset turnover of 1.95, and

Question:

Glenboro Fire Prevention Corp. has a profit margin of 6.80 percent, total asset turnover of 1.95, and ROE of 18.27 percent. What is this 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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