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Synovec Company has a debtequity ratio of .85. Return on assets is 10.4 percent, and total equity is $785,000. What is the company's equity multiplier?
Synovec Company has a debtequity ratio of .85. Return on assets is 10.4 percent, and total equity is $785,000. What is the company's equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier What is the company's return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return on equity % What is the company's net income? (Do not round intermediate calculations.)
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