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Green line Foods has sales of $275,000, total assets of $250,000, a debt-equity ratio of 2.2, and a profit margin of 3.2%. What is the equity multiplier? a. 1.45 b. 2.50 c. 3.20 d. 1.87

Green line Foods has sales of $275,000, total assets of $250,000, a debt-equity ratio of 2.2, and a profit margin of 3.2%. What is the equity multiplier? a. 1.45 b. 2.50 c. 3.20 d. 1.87

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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Financial Accounting

Green line Foods has sales of $275,000, total assets of $250,000, a debt-equity ratio of 2.2, and a profit margin of 3.2%. What is the equity multiplier? a. 1.45 b. 2.50 c. 3.20 d. 1.87
Transcribed Image Text:Green line Foods has sales of $275,000, total assets of $250,000, a debt-equity ratio of 2.2, and a profit margin of 3.2%. What is the equity multiplier? a. 1.45 b. 2.50 c. 3.20 d. 1.87
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