Kansas orthotics had 24000000 in sales last year the, Financial Management

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Kansas orthotics had 24000000 in sales last year the

Kansas Orthotics had $24,000,000 in sales last year. The company’s net income was $400,000. Its total assets turnover was 6.0. The company’s ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company’s debt ratio?

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Financial Management: Kansas orthotics had 24000000 in sales last year the

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