Isolation Company has a debtequity ratio of .80. Return on assets is 7.9 percent, and total equity

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Isolation Company has a debt–equity ratio of .80. Return on assets is 7.9 percent, and total equity is $480,000.

1. What is the equity multiplier?

2. What is the return on equity?

3. What is the net income?

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Jun 29, 2018 11:30 AM

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Isolation Company has a debtequity ratio of .80. Return on assets is 7.9 percent, and total equity

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1 180 Debtequity ratio of the firm is ... View the full answer

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