Locker Company Has A Debt Equity Ratio Of 6 Return On Assets Is 8 8 Percent And
Locker Company has a debt-equity ratio of .6. Return on assets is 8.8 percent, and total equity is $525,000.
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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