Solution-Calculate the firm debt-to-equity ratio

Calculate the firm debt-to-equity ratio

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For the year ended June 30, 2014, Northern Clothing Company has total assets of $69,500,000, ROA of 12.07 percent, ROE of 19.31 percent, and a net profit margin of 11.58 percent. What are the company's net income and net sales? Calculate the firm's debt-to-equity ratio.(Round net income and net sales to the nearest whole dollar, e.g. 25 and round debt to equity ratio to 1 decimal place, e.g. 15.2%.)

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Calculate the firm debt-to-equity ratio

Reference no: EM131226980

Reference no: EM131226980

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