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Dearborn Supplies has total sales of 200million, assets of $ 102million a return on equity of...

Dearborn Supplies has total sales of 200million,

assets of $ 102million

a return on equity of 34 percent, and a net profit margin of 7.1 percent. What is the​ firm's debt​ ratio

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Answer #1

let me know if you need any clarification..

Net profit margin ratio = 7.10%
Net profit = 200*7.1% 14.2 million
ROE= 34%
therefore equity - 14.2/34%                        41.76 million
Debt = 102-41.76                        60.24 million
Debt ratio = 60.24/102 59.05%
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