Mahoe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.28
B)1.28
C)3.53
D)0.78

Question

Mahoe Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.28 
B)1.28 
C)3.53 
D)0.78

Quizplus · Accepted Answer

The Answer of Mahoe Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.28 
B)1.28 
C)3.53 
D)0.78

Mahoe Corporation Has Provided the Following Financial Data