SME Company has a debt-equity ratio of .60. Return on assets is 8.4 percent, and...
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Finance
| SME Company has a debt-equity ratio of .60. Return on assets is 8.4 percent, and total equity is $550,000. |
| 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. Round your answer to the nearest whole number, e.g., 32.) |
| Net income | $ |
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