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A firm has net working capital of $3,000, long-term debt of $8,000, total asset of $20,300, and fixed assets of $13,500. What is the amount

A firm has net working capital of $3,000, long-term debt of $8,000, total asset of $20,300, and fixed assets of $13,500. What is the amount of shareholder's equity?

$8,500

$7,000

$6,000

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A firm has ROA (Return on Assets) of 16% and has the debt-equity ratio of 50%. What's the equity multiplier?

1.30

1.43

1.50

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