Calculate brauer debt ratio, Accounting Basics

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Calculate brauer debt ratio

Problem:

Assume the following relationships for the Brauer Corp.: Sales/total assets 1.3x Return on assets (ROA) 7% Return on equity (ROE) 11%

Required:

Question: Calculate Brauer's debt ratio assuming the firm uses only debt and common equity.

Note: Please show guided help with steps and answer.

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Accounting Basics: Calculate brauer debt ratio

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Accounting Basics: Calculate brauer debt ratio

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