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SME Company has a debt-equity ratio of .65. Return on assets is 8.10 percent, and total equity is $515,000. a. What is the equity multiplier?
| SME Company has a debt-equity ratio of .65. Return on assets is 8.10 percent, and total equity is $515,000. |
| a. | What is the equity multiplier? |
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| b. | What is the return on equity? |
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| c. | What is the net income? |
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
