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Synovec Company has a debt-equity ratio of .85. Return on assets is 7.3 percent, and total equity is $910,000. a. What is the equity multiplier?
Synovec Company has a debt-equity ratio of .85. Return on assets is 7.3 percent, and total equity is $910,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. 1.85 Equity multiplier Return on equity b. : % C. Net income
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