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From the balance sheets below, of a firm for 2008 and 2009, calculate Debt-Equity Ratio and Equity multiplier in 2009. 2008 2009 Total Asset 422,300
From the balance sheets below, of a firm for 2008 and 2009, calculate Debt-Equity Ratio and Equity multiplier in 2009.
| 2008 | 2009 |
Total Asset | 422,300 | 448,750 |
Equity | 240,050 | 273,550 |
Group of answer choices
0.69 and 1.77
0.64 and 1.64
0.74 and 1.89
0.54 and 1.39
0.59 and 1.51
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