Question: pls solve During the current year, Kite Corporation had average total assets are $500.000, total asset turnover of 1.10, and a net profit margin percentage

pls solve pls solve During the current year, Kite Corporation had average total

During the current year, Kite Corporation had average total assets are $500.000, total asset turnover of 1.10, and a net profit margin percentage of 12.0%. Kite's interest expense equals 5.0% of its total liabilities and its income tax rate is 21.0%. For purposes of computing its operating income (or EBIT). Kite's contribution margin ratio is 25%. If Kite's return on equity is 19.8%, what is Kite's equity multiplier? Round to two decimal points. 0.50 0.67 1.50 2.00 None of the above

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