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Chapter 3 12. Equity Multiplier and Return on Equity (L04) Bowsman Fried Chicken Company has a debt-equity ratio of 0.80. Return on assets is 7.9%,

Chapter 3 12. Equity Multiplier and Return on Equity (L04) Bowsman Fried Chicken Company has a debt-equity ratio of 0.80. Return on assets is 7.9%, and total equity is $480,000. What is the equity multiplier? Net income? Return on equity

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