Question
Bramley Consulting has an equity multiplier of 3.2. The company's assets are financed with some combination of long-term debt and common equity. What is the
Bramley Consulting has an equity multiplier of 3.2. The company's assets are financed with some combination of long-term debt and common equity. What is the company's debt ratio?
Group of answer choices
31.25%
68.75%
32.00%
68.00%
For the last fiscal year ending in December, we have: net income is $1,000,000 and preferred dividends are $100,000. If retained earnings at the beginning of the year were $5,000,000 and $5,600,000 at the end of the year, then what were common stock dividends paid during the year?
Group of answer choices
$100,000
$300,000
$500,000
$700,000
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