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Crane Company has a debt-to-equity ratio of 1.55, ROA of 10.0 percent, and total equity of $1,843,000. What are the companys equity multiplier, debt ratio,
Crane Company has a debt-to-equity ratio of 1.55, ROA of 10.0 percent, and total equity of $1,843,000. What are the companys equity multiplier, debt ratio, and ROE? (Round equity multiplier to 2 decimal places, e.g. 12.55, debt ratio to 3 decimal places, e.g. 12.551 and ROE to one decimal place, e.g. 12.5%.)
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