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Locker company has a debt-equity ratio

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Locker Company has a debt-equity ratio of .6. Return on assets is 8.8 percent, and total equity is $525,000.

What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Equity multiplier _________

What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Return on equity ______%

What is the net income? (Do not round intermediate calculations.)

Net income $_____

Reference no: EM132272054

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