Warsaw production company had 34000000 in sales last year, Financial Management

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Warsaw production company had 34000000 in sales last year

Warsaw Production Company had $34,000,000 in sales last year. The company's net income was $800,000, its total assets turnover was 5.0, and the company's ROE was 14 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio?

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Financial Management: Warsaw production company had 34000000 in sales last year

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