Marcus corp has a debt ratio of 20 total asset turnover of, Ask an Expert

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Marcus Corp. has a debt ratio of 20%, total asset turnover of 2.5 and net income relative to sales of 10%. The board of directors is unhappy with the current ROE and thinks it can be doubled. The new operating plan put forth implies (NI/sales) of 15%, the same total assets turnover and a new debt ratio. What is the new debt ratio that when combined with the new operating plan, doubles ROE?

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Category:- Financial Management
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