Determining the firm debt ratio


XYZ earned a net profit margin of 5% last year and had an equity multiplier of 2.8. If its total assets are $86 million and its sales are $184 million, what is the firm's debt ratio? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determining the firm debt ratio
Reference No:- TGS0517756

Expected delivery within 24 Hours