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Fresh Foods Has Sales of $213,600, Total Assets of $198,700

Question 14

Multiple Choice

Fresh Foods has sales of $213,600, total assets of $198,700, a debt-equity ratio of 1.43, and a profit margin of 4.8 percent.What is the equity multiplier?


A) .30
B) .43
C) 1.93
D) 2.43
E) 2.30

Correct Answer:

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