Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Kodi Company has a debt-equity...
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Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Kodi Company has a debt-equity ratio of 1.30. Return on assets is 7.55 percent, and total equity is $650,000. a. What is the equity multiplier? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the return on equity? Note: 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? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Equity multiplier b. Return on equity c. Net income times %
Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Kodi Company has a debt-equity ratio of 1.30 . Return on assets is 7.55 percent, and total equity is $650,000. a. What is the equity multiplier? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the return on equity? Note: 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? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32
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