Blossom Company has a debt-to-equity ratio of 1.40, an ROA of 8.0 percent, and a total equity of $1,000,000. What are the company's equity multiplier, debt ratio, and ROE? (Round equity multiplier to 2 decimal places, e.g. 12.55, debt ratio to 3 decimal places, e.g. 12.55, and ROE to 1 decimal place, e.g. 12.5%.)

Blossom Company has a debt-to-equity ratio of 1.40, an ROA of 8.0 percent, and a total equity of $1,000,000. What are the company's equity multiplier, debt ratio, and ROE? (Round equity multiplier to 2 decimal places, e.g. 12.55, debt ratio to 3 decimal places, e.g. 12.55, and ROE to 1 decimal place, e.g. 12.5%.)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 6CP: The average liabilities, average stockholders' equity, and average total assets are as follows: 1....

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