What is this firms debt-equity ratio

Assignment Help Financial Management
Reference no: EM131020329

Jiminy Cricket Removal has a profit margin of 9 percent, total asset turnover of 1.07, and ROE of 14.39 percent.

Required:

What is this firm’s debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131020329

Questions Cloud

Should lindsey consider the threat of a lawsuit : Lindsey worked as a top manager at a struggling technology company in Silicon Valley. Should Lindsey consider the threat of a lawsuit in her decision making
Received immediately after he retires : Mel plans to save 11,000 dollars per year in his retirement account for 3 years. His first savings contribution to his account is expected in 1 year. Mel expects to earn 8.07 percent per year in his account. He plans to retire in 3 years. In retireme..
Money does fei expect to have in his account when he retires : Fei has 11,900 dollars in his retirement account. In addition, he plans to save 9,400 dollars per year in his account for 6 years. His first contribution to his account is expected immediately and his last contribution is expected in 5 years. Fei exp..
Whose interests are paramount : Lauren's first job after graduation was working as a quality engineer with a highly respected technology company. Whose interests are paramount? Lauren's, Lauren's company, the customer
What is this firms debt-equity ratio : Jiminy Cricket Removal has a profit margin of 9 percent, total asset turnover of 1.07, and ROE of 14.39 percent. What is this firm’s debt-equity ratio?
What course of action should annie take : Annie has been recently hired full time at a major tech company where she interned for two summers during her college career What course of action should Annie take
Advantages of the corporate form of organization : Which of the following are advantages of the corporate form of organization?
Annual interest rate compounded annually : A rich uncle passed away, his will states that you will receive 2 payments of $40,000 each year. The first payment will occur exactly a year from now. Your cousin offers to purchase your 2 payments of $40,000. With a 10% annual interest rate compound..
How should cindy react in this situation : How should Cindy react in this situation? Is it Cindy's place to step in and say anything, or should she stay out of the situation all together

Reviews

Write a Review

Financial Management Questions & Answers

  The risk free rate and expected rate on stocks

A company's stock has a beta of 1.15. The risk free rate is 4.72%, and the expected rate on stocks is 10%. If a share of this common stock has just paid a quarterly dividend of $.35, and the long-run growth rate is 5 percent, value this stock.

  How much should you charge for the option

You own a lot in Key West, Florida, that is currently unused. Similar lots have recently sold for $1,290,000. Over the past five years, the price of land in the area has increased 5 percent per year, with an annual standard deviation of 34 percent. H..

  Prepare an amortization schedule for a three-year loan

Prepare an amortization schedule for a three-year loan of $111,000. The interest rate is 10 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

  What is the new divisor for the price-weighted index

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $48, $400, and $100, respectively. If Baker undergoes a 3-for-2 stock split, what is the new divisor for the price-weighted index?

  What is the estimated growth rate for this perpetuity

N&H Enterprises is valued at $787.5 million. Last year, it generated $30 million of cash flow. The appropriate discount rate on N&H's cash flow is 9%. What is the estimated growth rate for this perpetuity?

  Antitrust laws were essentially created to stop businesses

antitrust laws were essentially created to stop businesses that got too large from blocking competition and abusing

  Reflected in thousands and par value per share amounts

If a financial statement says "In millions, except share and par value amounts which are reflected in thousands and par value per share amounts," is the amount $88103 as is, or does it mean $88,103,000,000? (I'm looking at Google's current financial ..

  The company is still in the growth stage

CRM, Inc. went public one year ago. The company is still in the growth stage, and is expecting supernormal growth of 40% for the next two years before achieving a long-run growth rate of 6%. The stock just paid a dividend of $5.00. If investors’ requ..

  How much in dividends did the firm pay to shareholders

In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $990 million of retained earnings. The previous retained earnings were $971 million. How much in dividends did the firm pay to shareholders during the y..

  Effective annual interest rate on this lending arrangement

Come and Go Bank offers your firm a discount interest loan at 7 percent for up to $32 million, and in addition requires you to maintain a 5 percent compensating balance against the amount borrowed. What is the effective annual interest rate on this l..

  What is the value of the property

A property is expected to generate no net operating income for the next two years (t=1 and t=2) due to a higher level of operating expenses. In the third year (t=3), net operating income is expected to be $20,000 and in the fourth year (t=4) it is ex..

  Compute the npv for project

Compute the NPV for Project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd