SME Company has a debt-equity ratio of .65. Return on assets is 8.2 percent, and total equity is $515,000. What is the equity multiplier? Return on equity? Net income?

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information to work Problems 13 through 17.

Transcribed Image Text:

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,135 13,407 Accounts payable 45,166 $48,185 1777318.257 62,939 66,442 28,419 30,915Notes payable 51,163 56,295 Total Total $ 90,717 $100,617 Long-term debt Owners' equity $ 44,000 $ 39,000 Common stock and paid-in surplus 50,000 $ 50,000 Retained earnings260,234 302.735 $310,234 $352,735 Net plant and equipment $326,456 $357.560 Total Total liabilities and Total assets $417,173 $458,177 owners' equity $417,173 $458,177