Question
Hello, I have two questions about basic finance please. 1) Norton Company has a debt-to-equity ratio of 1.11, ROA of 9.23 percent, and total equity
Hello, I have two questions about basic finance please.
1) Norton Company has a debt-to-equity ratio of 1.11, ROA of 9.23 percent, and total equity of $1,855,000. What are the company's equity multiplier, debt ratio, and ROE? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.)
Equity multiplier.......
Debt ratio ...........
ROE .......
2) Conseco, Inc., has a debt ratio of 0.40. What are the company's debt-to-equity ratio and equity multiplier? (Round your answers to 2 decimal places, e.g.12.25.)
The company's debt-to-equity ratio is ...........
and the equity multiplier is ...........
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