Computing the company-s debt ratio, Accounting Basics

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Computing the company-s debt ratio

Q1) Kansas Office Supply had $24,000,000 in sales last year. Company's net income was $400,000. Its total assets turnover was 6.0. Company's ROE was 15 percent. Company is financed completely with debt and common equity. Compute the company's debt ratio?

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Accounting Basics: Computing the company-s debt ratio

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