Canada Corp Recently Reported Total Assets of $110,000 and Total

question 31

Multiple Choice

Canada Corp recently reported total assets of $110,000 and total common equity of $45,000 on its balance sheet.If the firm's P/E ratio is 12,what is the firm's equity multiplier?

• A)2.50
• B)2.44
• C)29.33
• D)3.33

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