Locker company has a debt-equity ratio of 7 return on, Ask an Expert

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Locker Company has a debt-equity ratio of .7. Return on assets is 7.8 percent, and total equity is $530,000.

What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Equity multiplier

What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Return on equity %

What is the net income? (Do not round intermediate calculations.)

Net income $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92396228

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