information and want to calculate the debt-to-equity ratio for the firm. Return on Equity: 23.87% Profit Margin: 13.81% Total Asset

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 33MCQ: Selected information for Berry Company is as follows: Berrys return on equity rounded to the nearest...
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You have access to the following information and want to calculate the debt-to-equity ratio for the firm.

Return on Equity: 23.87%

Profit Margin: 13.81%

Total Asset Turnover: 0.65

Answer as a DECIMAL using two decimal places. 

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