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The Jelly Jar Has Total Assets of $79,600 and an Equity

Question 12

Multiple Choice

The Jelly Jar has total assets of $79,600 and an equity multiplier of 1.35. What is the debt-equity ratio?

A) 0.28
B) 0.35
C) 0.47
D) 0.58
E) 0.67

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