Question 18 (5 points) Given the following information for the Duke Tire Company, find the firm's debt ratio (i e , total liabilities total assets) ROE (N E) 0 29 (expressed as a decimal) Total asset turnover ratio (S A) 3 9 Net profit margin (N S) 0 09 (expressed as a decimal) Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer For example, record 347924 34 7924 as 34 8 Your Answer Question 18 options Answer

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Question: Question 18 (5 points) Given the following information for the Duke Tire Company, find the firm's debt ratio (i.e., total liabilities / total assets): ROE

Question 18 (5 points)

Given the following information for the Duke Tire Company, find the firm's debt ratio (i.e., total liabilities / total assets):

ROE (N/E) = 0.29 (expressed as a decimal)
Total asset turnover ratio (S/A) = 3.9
Net profit margin (N/S) = 0.09 (expressed as a decimal)

Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer. For example, record .347924 = 34.7924% as 34.8.

Your Answer:

Question 18 options:

Answer

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