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
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Chapter1: Financial Statements And Business Decisions
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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%.)
Transcribed Image Text: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%.)
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