What is the equity multipier on 4% profit margin, a total asset turnover of 2 and return on equity of 24%

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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What is the equity multipier on 4% profit margin, a total asset turnover of 2 and return on equity of 24%

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