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Akimi4 [234]
3 years ago
15

Xyz inc. has total debt ratio of 0.62. calculate the company's equity multiplier.

Business
1 answer:
sergiy2304 [10]3 years ago
6 0
The equity multiplier is obtained by adding one to the debt ratio.

Therefore, the equity multiplier of XYZ inc is given by 1 + 0.62 = 1.62
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