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Locker Company has a debt-equity ratio of .8. Return on assets is 7.3 percent, and total equity is $480,000. What is the equity multiplier? (Do not round intermediate calculations. Round your answer

Locker Company has a debt-equity ratio of .8. Return on assets is 7.3 percent, and total equity is $480,000.

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 = ?

Jun 26 2021 View more View Less

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