Collapse QUESTION 3 Underwood Homes Sales has total assets of $589,900 and total debt of $218,000....

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Answer 1

Answer #1

Shareholders equity = 589,900 - 218,000 = 371,900

Equity multiplier = Total assets / shareholders equity

Equity multiplier = 589,900 / 371,900

Equity multiplier = 1.59

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Answer 2

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