Homework Answers
Debt-equity ratio=debt/equity
Hence debt=0.75*equity
=0.75*855,000=641250
Total assets=Total liabilities+Total equity
=(855,000+641250)=$1496250
Equity multiplier=Total assets/Equity
=1496250/855,000
=1.75
ROA=Net income/Total assets
Net income=1496250*8.4%
=$125685
ROE=Net income/equity
=125685/855,000
=14.7%
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