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Christoffersen Inc. has sales of $610,400, total equity of $170,000, a profit margin of 12 percent and a debt-equity ratio of 0.8. What is the

Christoffersen Inc. has sales of $610,400, total equity of $170,000, a profit margin of 12 percent and a debt-equity ratio of 0.8. What is the return on assets?

23.94 percent

21.34 percent

17.50 percent

19.70 percent

Canal, Inc. has sales of $192,510, total assets of $320,400, a debt-equity ratio of 1.4, and a profit margin of 6.5 percent. What is the equity multiplier?

1.2

1.4

2.2

2.4

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