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Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier? Answer

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Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier?

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