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Organic Chicken Company has a debt-equity ratio of 0.55. Return on assets is 8.50 percent, and total equity is $537,000. Required: (a) What is the
Organic Chicken Company has a debt-equity ratio of 0.55. Return on assets is 8.50 percent, and total equity is $537,000. |
Required: |
(a) | What is the equity multiplier? |
(Click to select)1.552.007.959.05.45 |
(b) | What is the return on equity? |
(Click to select)13.18%5.48%10.05%9.05%6.95% |
(c) | What is the net income? |
(Click to select)$4,075,901$70,750$75,750$63,750$832,350 |
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