Bowsman Fried Chicken Company has a debt-equity ratio of 0.80. Return on assets is 7.9%, and total equity is $480,000. What is the equity multiplier? Net income? Return on equity?

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Bowsman Fried Chicken Company has a debt-equity ratio of 0.80. Return on assets is 7.9%, and total equity is $480,000. What is the equity multiplier? Net income? Return on equity?

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