TJMaxx has the total assets of $14,326 million, total liabilities of $9,277 million, the earnings before interests and taxes of $4,218 million, interest expenses of $64 million, and depreciation of $817 million on its latest financial statements. Compute its equity multiplier.
A.1.84
B.1.12
C.0.84
D.2.84
The equity multiplier is computed as shown below:
= Total Assets / Equity
Equity is computed as follows:
= Total Assets - Total Liabilities
= $ 14,326 million - $ 9,277 million
= $ 5,049 million
So, the equity multiplier will be:
= $ 14,326 million / $ 5,049 million
= 2.84 Approximately
So, the correct answer is option D i.e. 2.84.
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TJMaxx has the total assets of $14,326 million, total liabilities of $9,277 million, the earnings before...
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