Question: Marigold Corporation has a debt-to-equity ratio of 0.65, an ROA of 8.5 percent, and total equity of $3,500,000. What are the company's equity multiplier, debt ratio, and ROE? (Round equity multiplier to 2 decimal places, debt ratio to 3 decimal places, and ROE to 1 decimal place.)
Question: Marigold Corporation has a debt-to-equity ratio of 0.65, an ROA of 8.5 percent, and total equity of $3,500,000. What are the company's equity multiplier, debt ratio, and ROE? (Round equity multiplier to 2 decimal places, debt ratio to 3 decimal places, and ROE to 1 decimal place.)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Transcribed Image Text:Question: Marigold Corporation has a debt-to-equity ratio of
0.65, an ROA of 8.5 percent, and total equity of $3,500,000.
What are the company's equity multiplier, debt ratio, and ROE?
(Round equity multiplier to 2 decimal places, debt ratio to 3
decimal places, and ROE to 1 decimal place.)
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