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    Exam 3: Working With Financial Statements
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    Underwood Homes Sales Has Total Assets of $589,900 and Total
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Underwood Homes Sales Has Total Assets of $589,900 and Total

Question 9

Question 9

Multiple Choice

Underwood Homes Sales has total assets of $589,900 and total debt of $318,000.What is the equity multiplier?


A) 0.46
B) 0.54
C) 1.21
D) 1.85
E) 2.17

Correct Answer:

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