
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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What is the correct answer with accounting question

Transcribed Image Text:Riverdale Industries has sales of $625,000, total assets of $510,000, a
debt-equity ratio of 0.75, and a profit margin of 4.2 percent. What is
the equity multiplier?
a. 1.3
b. 1.75
c. 2.1
d. 0.92
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