Question: Milfred, Inc. has return on equity ( R O E ) = 3 0 . 8 percent, accounts payable days = 2 2 days, return

Milfred, Inc. has return on equity (ROE)=30.8 percent, accounts payable days =22 days, return on assets (ROA)=13.1 percent and net profit margin =4.4 percent. Compute Milfred's debt ratio (i.e., D/A). Record you answer as a percent rounded to one decimal place
Milfred, Inc. has return on equity (ROE)=30.8 percent, accounts payable days

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