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Find the company''s debt ratio

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Reference no: EM1313038

Calculation of Debt ratio.

Kansas Office Supply 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?

Reference no: EM1313038

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