oblem 3-2 Equity Multiplier and Return on Equity Kodi Company has a debt-equity ratio of .86. Return on assets is 10.0 percent, and total equity is $795,000
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Problem 3-2 Equity Multiplier and Return on Equity
|
Kodi Company has a debt-equity ratio of .86. |
| 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.) |
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