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B. The target of Co. X is to maintain a financial leverage of 48%. The Co. has deviated negatively from the target by 5%.
B. The target of Co. X is to maintain a financial leverage of 48%. The Co. has deviated negatively from the target by 5%. The equity multiplier of the Co. is a round 1.84. The Financial Gearing of the Co. is expected to be: a. 0.544 b. 0.839 c. 0.48 d. None of the above
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Financial Accounting Fundamentals
Authors: John Wild
3rd edition
978-0073527048, 0073527041, 978-0077544652
