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Solve in 30 minutes but make sure solution should be correct La Moving to another question will save this response. Question 1 CLO5: The following

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La Moving to another question will save this response. Question 1 CLO5: The following are data from Ahmed Stores. Return on equity = 25% Sales = 800,000 Net income = 500,00 Efficiency ratio (Assets turnover) = 0.45 Calculate the equity multiplier (leverage ratio) of Ahmed Stores. (Note: write out any formula used and provide step by step calculation) (10 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I s Paragraph Arial V N 14px !!! Is * U = x X & - +] T 25 EXI EE E +7 E 0) K P O WORD

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