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Sandhill, Inc., a manufacturer of electrical supplies, has an ROE of 23.1 percent, a profit margin of 3.00 percent, and a total asset turnover ratio
Sandhill, Inc., a manufacturer of electrical supplies, has an ROE of 23.1 percent, a profit margin of 3.00 percent, and a total asset turnover ratio of 2.80 times. Its peer group also has an ROE of 23.1 percent, but has outperformed Sandhill with a net profit margin of 3.5 percent and a total asset turnover ratio of 3.0 times. Calculate the Sandhill's equity multiplier and peer group equity multiplier. (Round answers to 2 decimal places, e.g.12.55.)
Sandhill's equity multiplier is _ times, and the peer group equity multiplier is _ times.
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