Equity multiplier-return on equity and net income


Problem:

Thomsen Company has a debt equity ratio of 0.75. Return on assets is 11.8 percent, and total equity is $649,000.

Required:

Question: What is the equity multiplier, return on equity and net income?

Note: Explain all steps comprehensively.

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Finance Basics: Equity multiplier-return on equity and net income
Reference No:- TGS0879101

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