Question
Use the following information to calculate the equity multiplier ratio. Total assets $ 5,702,800 Long-term debt $ 1,050,000.00 Total liabilities $ 1,465,000.00 Common stock $
Use the following information to calculate the equity multiplier ratio.
Total assets $ 5,702,800
Long-term debt $ 1,050,000.00
Total liabilities $ 1,465,000.00
Common stock $ 608,065
Accumulated retained earnings $ 3,703,070
(Round your answer to the nearest hundredth; two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g., 34.00)
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
