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SME Company has a debt-equity ratio of .70. Return on assets is 7.8 percent, and total equity is $530,000. What is the equity multiplier? (Do
SME Company has a debt-equity ratio of .70. Return on assets is 7.8 percent, and total equity is $530,000. 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 $
SME Company has a debt-equity ratio of .70. Return on assets is 7.8 percent, and total equity is $530,000. 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 incomeStep by Step Solution
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