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Mountain View Corp has sales of $456,000, total assets of $385,000, a debt- equity ratio of 0.9, and a profit margin of 3.2 percent. What is the equity multiplier? a. 1.9 b. 2.1 c. 1.5 d. 0.85

Mountain View Corp has sales of $456,000, total assets of $385,000, a debt- equity ratio of 0.9, and a profit margin of 3.2 percent. What is the equity multiplier? a. 1.9 b. 2.1 c. 1.5 d. 0.85

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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Mountain View Corp has sales of $456,000, total assets of $385,000, a debt- equity ratio of 0.9, and a profit margin of 3.2 percent. What is the equity multiplier? a. 1.9 b. 2.1 c. 1.5 d. 0.85
Transcribed Image Text:Mountain View Corp has sales of $456,000, total assets of $385,000, a debt- equity ratio of 0.9, and a profit margin of 3.2 percent. What is the equity multiplier? a. 1.9 b. 2.1 c. 1.5 d. 0.85
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