3. 12.

Equity multiplier and return on equity [LO 3.3] SME Company has a debt-equity ratio of 0.57. Return on assets is 7.9 per cent and total equity is $620 000. What is the equity multiplier? Return on equity? Profit for the year?

Just Dew It Company reports the following statement of financial position information for 2019 and 2020. Use this information to work Problems 13 through 17.

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Just Dew It 2019 and 2020 Statements of financial position Assets Current assets 2020 2019 Liabilities and equity Current liabilities 2019 2020