Answer
1.38
Work Step by Step
The equity multiplier = Average total assets ÷ Average stockholders’ equity = $\frac{(450.000+460.000)/2}{(320.000+340.000)/2}\approx1.38$
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 15
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