The Following Financial Information Pertains to Harrison Bank -What Is the Bank's Equity Multiplier?
A)1

Multiple Choice

The following financial information pertains to Harrison Bank.
$\begin{array} { c r } \text { Net Profit Margin } & 12.5 \% \\\text { Net Income } & \$ 1000 \\\text { Total Assets } & \$ 62,500 \\\text { Total Equity } & \$ 6250\end{array}$
-What is the bank's equity multiplier?

A) 1.6 times
B) 10 times
C) 12.8 times
D) 16 times
E) None of the options is correct