Synovec Company has a debt–equity ratio of .85. Return on assets is 9.6 percent, and total...
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Synovec Company has a debt–equity ratio of .85. Return on assets is 9.6 percent, and total equity is $805,000. |
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What is the company's equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| Equity multiplier |
|
What is the company's return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Return on equity | % |
| What is the company's net income? (Do not round intermediate calculations.) |
| Net income | $ |
Homework Answers
debt–equity ratio =debt/equity
Hence debt=0.85*805,000=$684250
Total assets=debt+equity
=684250+805,000=$1489250
Equity multiplier=Total assets/equity
=1489250/805,000
=1.85
ROA=net income/Total assets
net income=1489250*9.6%=$142968
ROE=net income/equity
=142968/805,000=17.76%
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