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Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier?

Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier?

Intermediate Financial Management (MindTap Course List)
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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What is the equity multiplier?

Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier?
Transcribed Image Text:Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier?
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