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You have obtained the following information for Y3K, Inc. The tax rate is 34 percent. Cash - $41500 Net fixed assets - $61,000 Notes payable - $2,000 Inventory $3,000 Long-term debt - $20,000 Sales $126,000 Costs - $56,700 Accounts payable - $26,000 Depreciation - $3,000 Interest expense - $16,000 Accounts receivable - $35,000 Dividends paid - $10,150 Calculate the equity multiplier.

You have obtained the following information for Y3K, Inc. The tax rate is 34 percent. Cash - $41500 Net fixed assets - $61,000 Notes payable - $2,000 Inventory $3,000 Long-term debt - $20,000 Sales $126,000 Costs - $56,700 Accounts payable - $26,000 Depreciation - $3,000 Interest expense - $16,000 Accounts receivable - $35,000 Dividends paid - $10,150 Calculate the equity multiplier.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 32BEB
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You have obtained the following information for Y3K, Inc. The tax rate is 34 percent. Cash - $41500 Net fixed assets - $61,000 Notes payable - $2,000 Inventory $3,000 Long-term debt - $20,000 Sales $126,000 Costs - $56,700 Accounts payable - $26,000 Depreciation - $3,000 Interest expense - $16,000 Accounts receivable - $35,000 Dividends paid - $10,150 Calculate the equity multiplier.
Transcribed Image Text:You have obtained the following information for Y3K, Inc. The tax rate is 34 percent. Cash - $41500 Net fixed assets - $61,000 Notes payable - $2,000 Inventory $3,000 Long-term debt - $20,000 Sales $126,000 Costs - $56,700 Accounts payable - $26,000 Depreciation - $3,000 Interest expense - $16,000 Accounts receivable - $35,000 Dividends paid - $10,150 Calculate the equity multiplier.
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