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8 August, 02:46

Fresh Foods has sales of $213,600, total assets of $198,700, a debt-equity ratio of 1.43, and a profit margin of 4.8 percent. What is the equity multiplier?

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  1. 8 August, 06:35
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    equity multiplier = 2.43

    Explanation:

    given data

    sales = $213,600

    total assets = $198,700

    debt-equity ratio = 1.43

    profit margin = 4.8 percent

    solution

    we get here equity multiplier that is express as

    equity multiplier = 1 + debit equity ratio ... 1

    put here value and we will get

    equity multiplier = 1 + 1.43

    equity multiplier = 2.43
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