Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,198,000 $1,160,000 Total liabilities$466,000 $460,000 Total stockholders' equity$732,000 $700,000 Net operating income (income before interest and taxes)$67,769 Interest expense$13,000 The company's equity multiplier at the end of Year 2 is closest to:
A. 0.64
B. 1.65
C. 0.61
D. 1.57
Answer: B
Business
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