Business, 20.02.2020 23:45 andy2461

Paper Clip Office Supply had $24,000,000 in sales last year. Its total asset turnover was 3.0. Interest expense was $100,000 (5% on its $2,000,000 of debt). The company is financed entirely with debt and common equity. What is Paper Clip's debt ratio?

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Paper Clip Office Supply had $24,000,000 in sales last year. Its total asset turnover was 3.0. Inter...