Homework Answers
Total debt ratio=Total debt/Total assets
Total debt=0.38*Total assets
Total assets=Total liabilities+Total equity
Total equity=Total assets-(0.38*Total assets)
=0.62*Total assets
Debt-equity ratio=debt/equity
=(0.38*Total assets)/(0.62*Total assets)
=0.61 times(Approx)
Equity multiplier=Total assets/Equity
=Total assets/(0.62*Total assets)
=1.61 times(Approx).
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