Question: mayers co has a debtequity ratio of 144 return on...
Question details
Mayers Co has a debt−equity ratio of 1.44. Return on assets is
7.69 percent, and total equity is $720,000.
What is the equity multiplier? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)
Equity multiplier
times
What is the return on equity? (Do not round intermediate
calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
Return on equity
%
What is the net income? (Do not round intermediate
calculations and round your answer to the nearest whole number,
e.g., 32.)
Net income
$
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