Wittels Corporation Has Provided the Following Data In Year 2,the Company's Net Operating Income Was $42,571,its Net

question 94

Multiple Choice

Wittels Corporation has provided the following data:
$\begin{array}{lrr}&{\text { Year 2 }} & \text { Year 1 } \\\text {Total assets }&\$ 1,253,000 & \$ 1,230,000 \\\text { Total liabilities}&\$ 586,000 & \$ 570,000 \\\text {Total stockholders' equity }&\$ 667,000 & \$ 660,000\end{array}$ In Year 2,the company's net operating income was $42,571,its net income before taxes was $21,571,and its net income was $15,100.The company's equity multiplier is closest to:

• A) 1.14
• B) 0.53
• C) 0.88
• D) 1.87

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Definitions:

Allergy

An allergy is an immune system response to a foreign substance (allergen) that's not typically harmful to the body.

Nasal Discharge

A fluid flow from the nose, often as a result of colds, allergies, or infections.

Common Cold

A viral infectious disease of the upper respiratory tract characterized by symptoms like sneezing, coughing, sore throat, and runny nose.

Influenza

A highly contagious viral infection that attacks the respiratory system, commonly known as the flu, characterized by fever, cough, and muscle aches.