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SME Company has a debt-equity ratio of .60. Return on assets is 7.7 percent, and total equity is $520,000. What is the equity multiplier? (Do
SME Company has a debt-equity ratio of .60. Return on assets is 7.7 percent, and total equity is $520,000. |
What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Equity multiplier |
What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Return on equity | % |
What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole number, e.g., 32.) |
Net income | $ |
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