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Use the following information for the next 2 problems. Julie, Inc., has a total debt ratio of 0.45. In addition, the company had additions to
Use the following information for the next 2 problems. Julie, Inc., has a total debt ratio of 0.45. In addition, the company had additions to retained earnings for the year just ended of $300,000, the firm paid out $220,000 in cash dividends, and it has ending total equity of $5 million. 2.3 a. What is its debt-equity ratio? b. What is the company's equity multiplier? c. If Julie, Inc currently has 300,000 shares of common stock outstanding, what are earnings per share
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