What is implicit borrowing rate being paid by customers

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Reference no: EM131962305

1. A store will give you a 1.50% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full price with payment due in 1 month. What is the implicit borrowing rate being paid by customers who choose to defer payment for the month? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

2. If a company has $3175 in Total Liabilities and $2381 in Total Owners' Equity, what is its Equity Multiplier?

Round your response to 2 decimal places

Reference no: EM131962305

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