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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Question
- Equity Multiplier and
Return on Equity Synovec Company has a debt-equity ratio of .85.Return on assets is 7.3 percent, and total equity is $910,000. What is the equity multiplier? Return on equity? Net income?
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