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Question 15 4 poir McKeown and Company currently has an equity multiplier of 2.50, a total asset turnover of 0.75, and a profit margin of

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Question 15 4 poir McKeown and Company currently has an equity multiplier of 2.50, a total asset turnover of 0.75, and a profit margin of 8%. The president is unhappy with the current ROE, and he thinks it could be doubled. This could be accomplished o (1) by increasing the profit margin to 10%, and o (2) by increasing debt utilization. Total asset turnover will not change. What new equity multiplier along with the 10% profit margin is required to double the return on equity? *USE at least 4 DECIMAL PLACES for an accurate answer 1.75 0.75 3.0 0 4.0

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