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    Fundamentals of Corporate Finance Study Set 9
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    Exam 3: Working With Financial Statements
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    Lancaster Toys Has a Profit Margin of 7
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Lancaster Toys Has a Profit Margin of 7

Question 2

Question 2

Multiple Choice

Lancaster Toys has a profit margin of 7.5 percent,a total asset turnover of 1.71,and a return on equity of 21.01 percent.What is the debt-equity ratio?


A) 0.42
B) 0.64
C) 0.66
D) 0.72
E) 0.78

Correct Answer:

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