Kansas Orthotics Had 24 000 000 In Sales Last Year The Company S Net Income Was

Kansas Orthotics 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.

I need the company’s debt ratio. Please show work.

 

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