Asked by Ken
Crystal Lake, Inc., has a total debt ratio of 0.24. Its debt-equity ratio is therefore times and its equity multiplier is times.
How do you figure out the number you divide 0.24 by to get the DE ratio?
I have a sample of this problem that just shows the number used in the sample problem but dosent show how to get it.
How do you figure out the number you divide 0.24 by to get the DE ratio?
I have a sample of this problem that just shows the number used in the sample problem but dosent show how to get it.
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