Homework Help: Finance

Posted by Ken on Monday, October 4, 2010 at 11:19pm.

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.

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