Deacon Corporation Has Provided the Following Financial Data from Its

question 281

Multiple Choice

Deacon Corporation has provided the following financial data from its balance sheet and income statement:

-The company's equity multiplier at the end of Year 2 is closest to:

• A) 0.64
• B) 1.65
• C) 1.57
• D) 0.61

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Negligent Hiring

A legal claim made against an employer for hiring someone who they knew, or should have known, was likely to behave in a dangerous or harmful manner.

Unreasonable Risk

A situation or condition that poses a higher than acceptable likelihood of harm or negative outcome.

Criminal Background

A record of an individual’s history of criminal convictions and offenses.