Question: OLAF omework Saved Problem 3-2 Equity Multiplier and Return on Equity Synovec Company has a debt-equity ratio of 80. Return on assets is 9.9 percent,
OLAF omework Saved Problem 3-2 Equity Multiplier and Return on Equity Synovec Company has a debt-equity ratio of 80. Return on assets is 9.9 percent, and total equity is $755,000. 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.) a. Equity multiplier b. Return on equity C. Net Income % Prey 1 of 10 Next > . w 19 Otv 80 DOO 000 14 F3 74 15 F6 F7 Of A 8
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