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Bettles Fried Chicken Co. has a debt-equity ratio of 0.80. Return on assets is 9.2% and total equity is $520,000. (a) What is the equity
Bettles Fried Chicken Co. has a debt-equity ratio of 0.80. Return on assets is 9.2% and total equity is $520,000. (a) What is the equity multiplier? (b) What is the return on equity? (c) What is the net income?
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