Precision Tools 2021 Income Statement Net sales $36,408 Less: Cost of goods sold Less: Depreciation Earnings...

 

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Precision Tools 2021 Income Statement Net sales $36,408 Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income 28,225 1.760 6,423 510 5,913 Less: Taxes 2.070 $3.843 Net Income Precision Tools 2020 and 2021 Balance Sheets 2020 2020 2021 2021 24 24 2$ Cash 2,060 1,003 Accounts 7,250 8,384 payable Accounts 3,411 4,218 receivable 18,776 24,247 21,908 27,129 Inventory Common stock Retained 15,000 6.357 17,500 3.825 Net fixed assets 14.160 14.080 earnings Total liability & equity Total assets 38.407 41.209 38.407 41.209 What is the equity multiplier for 2021? What is the equity multiplier for 2021? 1.88 2.03 1.67 1.72 1.93 Precision Tools 2021 Income Statement Net sales $36,408 Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income 28,225 1.760 6,423 510 5,913 Less: Taxes 2.070 $3.843 Net Income Precision Tools 2020 and 2021 Balance Sheets 2020 2020 2021 2021 24 24 2$ Cash 2,060 1,003 Accounts 7,250 8,384 payable Accounts 3,411 4,218 receivable 18,776 24,247 21,908 27,129 Inventory Common stock Retained 15,000 6.357 17,500 3.825 Net fixed assets 14.160 14.080 earnings Total liability & equity Total assets 38.407 41.209 38.407 41.209 What is the equity multiplier for 2021? What is the equity multiplier for 2021? 1.88 2.03 1.67 1.72 1.93

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SOLUTION Requirement Precision tools equity multiplier for the year 2021 Form... View the full answer