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Student: Alarm Date: 20 Instructor e sto Course: FIN-320-R2880 Principles of Finance 19EW2 Assignment: 4-2 MyFinanceLab Assig

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Net profit=(Profit margin)*(Sales)=7.7%*194=14.938
Return on equity=Net profit/Equity
=>Equity=Net profit/Return on equity=14.938/25%=59.752
Debt=Total assets-Equity=99-59.752=39.248
Debt ratio=Debt/Total assets
=39.248/99=0.39644444 or 39.6%(Rounded to 1 decimal place)

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