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2.7 Shelly, Inc. has a debt-equity ratio of 0.80. Return on assets is 8.4%, and total equity is $430,000. a. What is the equity multiplier?

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2.7 Shelly, Inc. has a debt-equity ratio of 0.80. Return on assets is 8.4%, and total equity is $430,000. a. What is the equity multiplier? ----------------------------------------------------------------------------------------------- b. What is the return on equity? c. What is the net income

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