National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its total assets turnover was 6.0, and the company's ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio? * A Sample format: 1.111

National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its total assets turnover was 6.0, and the company's ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio? * A Sample format: 1.111

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its
total assets turnover was 6.0, and the company's ROE was 15 percent. The company is
financed entirely with debt and common equity. What is the company's debt ratio? *
Sample format: 1.111

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