Answer:
equity multiplier = 2.43
Explanation:
given data
sales = $213,600
total assets = $198,700
debt-equity ratio = 1.43
profit margin = 4.8 percent
solution
we get here equity multiplier that is express as
equity multiplier = 1 + debit equity ratio .....................1
put here value and we will get
equity multiplier = 1 + 1.43
equity multiplier = 2.43
