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QUESTION
Equity Multiplier and Return on Equity. Rainbow Company has a debt equity ratio of 1.25. Return on assets is 7.5 percent, and total equity is
Equity Multiplier and Return on Equity. Rainbow Company has a debt equity ratio of 1.25. Return on assets is 7.5 percent, and total equity is $625,000. What is the equity multiplier? Return on equity? Net income?
