Question: Use the following information to answer this question Green Tree Corporation, Inc. 2019 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation

 Use the following information to answer this question Green Tree Corporation,
Inc. 2019 Income Statement ($ in millions) Net sales Cost of goods

Use the following information to answer this question Green Tree Corporation, Inc. 2019 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,000 7,350 360 $1,290 87 $1,203 421 $ 782 Cash Accounts rec. Inventory Total Net fixed assets Total assets Green Tree Corporation, Inc. 2018 and 2019 Balance Sheets ($ in millions) 2018 2019 $ 1605 190 Accounts payable 840 740 Long-term debt 1,570 1,565 Common stock $2,570 $2,495 Retained earnings 3,240 3,700 $5,819 $6,195 Total liab. & equity 2018 2019 $1,150 $1,332 1,000 1,233 3,190 2,910 470 720 $5,810 56,195 What is the equity multiplier for 2019? What is the equity multiplier for 2019? Multiple Choice O O 1.27 times 3.09 times 2.48 times O 2.13 times 171 times

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