Question: Is my answer correct for problem 2.6? Please send solution with full steps thx. a Problem 2.6 Petrick Company has a debt to equity ratio

Is my answer correct for problem 2.6? Please send solution with

Is my answer correct for problem 2.6? Please send solution with full steps thx.

a Problem 2.6 Petrick Company has a debt to equity ratio of 0.88, Return on Assets (ROA) is 9.2%, and the total equity is $680,000. What is the quity multiplier? ROE? Net income? ROA NI => 0.092= Asset 1,273 Noo Ne 11916128 NO DERT IEM Em = 1.88 // EM= Asset totalequily -> ).88 = 6901000 X = 1,278140 Rot ROA XEM 1/ 0-092 x 1.88 = 0.14296 20

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