Synovec Company has a debt-equity ratio of .85. Return on assets is 7.3 percent, and total equity
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Question:
Synovec Company has a debt-equity ratio of .85. Return on assets is 7.3 percent, and total equity is $910,000.
a.What is the equity multiplier?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.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.)c.What is the net income?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a.Equity multiplier =
b.Return on equity =
c.Net income =
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