Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.69
B)2.23
C)0.45
D)1.45

Question

Fayer Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.69 
B)2.23 
C)0.45 
D)1.45

Quizplus · Accepted Answer

The Answer of Fayer Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's equity multiplier at the end of Year 2 is closest to:
A)0.69 
B)2.23 
C)0.45 
D)1.45

Fayer Corporation Has Provided the Following Financial Data