Question
SME Company has a debt-equity ratio of .80. Return on assets is 7.3 percent, and total equity is $480,000. What is the equity multiplier? (Do
SME Company has a debt-equity ratio of .80. Return on assets is 7.3 percent, and total equity is $480,000.
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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