A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories
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Question:
A firm has the following balance sheet information:
total assets = $100,000;
current assets = $30,000;
inventories = $10,000;
cash = $5,000;
total liabilities = $30,000;
current liabilities = $15,000;
notes payable = $2,000,
equity = $70,000.
What is the firm's Equity Multiplier?.
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