Multiple Choice
Lancaster Toys has a profit margin of 9.6 percent, a total asset turnover of 1.71, and a return on equity of 21.01 percent. What is the debt-equity ratio?
A) 0.22
B) 0.28
C) 0.46
D) 0.72
E) 0.78
Correct Answer:
Verified
Correct Answer:
Verified
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