Solved

Klein Corporation Has Provided the Following Data The Company's Equity Multiplier Is Closest To:
A) 1

Question 118

Multiple Choice

Klein Corporation has provided the following data:
 year 2Year 1  Total assets ........................ $1,337,000$1,310,000 Total liabilities.................. $598,000$580,000 Total stockholders’ equity ...... $739,000$730,000\begin{array}{lrr}& \text { year 2}& \text {Year 1 }\\\text { Total assets ........................ } & \$ 1,337,000 & \$ 1,310,000 \\\text { Total liabilities.................. } & \$ 598,000 & \$ 580,000 \\\text { Total stockholders' equity ...... } & \$ 739,000 & \$ 730,000\end{array} The company's equity multiplier is closest to:


A) 1.24
B) 0.56
C) 1.80
D) 0.81

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions