Burdick Corporation has provided the following financial data from its balance sheet: Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.The company's equity multiplier at the end of Year 2 is closest to:
A) 0.70
B) 1.43
C) 2.34
D) 0.43

Question

Burdick Corporation has provided the following financial data from its balance sheet:  Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.The company's equity multiplier at the end of Year 2 is closest to:
A) 0.70 
B) 1.43 
C) 2.34 
D) 0.43

Quizplus · Accepted Answer

The Answer of Burdick Corporation has provided the following financial data from its balance sheet:  Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.The company's equity multiplier at the end of Year 2 is closest to:
A) 0.70 
B) 1.43 
C) 2.34 
D) 0.43

Burdick Corporation Has Provided the Following Financial Data from Its