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SME Company has a debt-equity ratio of .60. Return on assets is 8.8 percent, and total equity is $525,000. a. What is the equity multiplier?
SME Company has a debt-equity ratio of .60. Return on assets is 8.8 percent, and total equity is $525,000. |
a. | What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
c. | What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
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