Rough Corporation's Total Assets at the End of Year 2

question 108

Multiple Choice

Rough Corporation's total assets at the end of Year 2 were $1,247,000 and at the end of Year 1 were $1,270,000. The company's total liabilities at the end of Year 2 were $512,000 and at the end of Year 1 were $550,000. The company's total stockholders' equity at the end of Year 2 was $735,000 and at the end of Year 1 was $720,000. The company's equity multiplier is closest to:

• A) 1.73
• B) 1.44
• C) 0.69
• D) 0.58

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