Multiple Choice
Preston's Market has sales of $213,600, total assets of $198,700, a debt-equity ratio of 1.6, and a profit margin of 2.4 percent. What is the equity multiplier?
A) 0.60
B) 0.63
C) 1.83
D) 2.60
E) 2.84
Correct Answer:
Verified
Correct Answer:
Verified
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