Flourish Mart has sales of $243,800, total assets of $211,500, a debt-equity ratio of 1.85, and a profit margin of 3.1 percent. What is the equity multiplier?
Flourish Mart has sales of $243,800, total assets of $211,500, a debt-equity ratio of 1.85, and a profit margin of 3.1 percent. What is the equity multiplier?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:Flourish Mart has sales of $243,800, total assets
of $211,500, a debt-equity ratio of 1.85, and a
profit margin of 3.1 percent. What is the equity
multiplier?
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