Drake company has a return on assets of 1075 percent total


Equity Multiplier and Return on Equity: Drake Company has a return on assets of 10.75 percent, total equity of $875,000, and a debt-equity ratio of 0.85. What is the equity multiplier? What is the return on equity? What is the net income?

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Business Management: Drake company has a return on assets of 1075 percent total
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