Jiminy Cricket Removal has a profit margin of 10 percent, total asset turnover of 1.06, and ROE of 14.4 percent. What is this firm’s debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Debt–equity ratio times

This firm’s debt–equity ratio is 0.54 or 54%

Explanation:

Debt–equity ratio = Total Debt / Total Equity = 0.37 / 0.69 = 0.54

Profit Margin = Net Profit / Net sales

10% = Net Profit / Net sales

Consider Sales as $1

Net Profit = 0.1 x 1  = 0.1

Total Asset Turnover = Net Sales / Total Assets

1.06 = 1/ total Asset

Total Asset = 1.06 x 1 = 1.06

Return on capital = Net Profit / Net Capital

14.40% = 0.1 / Total Capital

Total Capital = 0.1 / 0.144 = 0.69

Total Assets = Capital + Liabilities

1.06 = 0.69 + Total Liabilities

Total Liabilities = 1.06 - 0.69 = 0.37

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.