Question: Milfred, Inc. has return on equity (ROE) = 26.1 percent, accounts payable days = 21 days, return on assets (ROA) = 13.0 percent and net
Milfred, Inc. has return on equity (ROE) = 26.1 percent, accounts payable days = 21 days, return on assets (ROA) = 13.0 percent and net profit margin = 4.6 percent. Compute Milfred's debt ratio (i.e., D/A)
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