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what is the equity multiplier for years 2018- 2019 for hormel foods

what is the equity multiplier for years 2018- 2019 for hormel foods

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Expert Solution

Equity Multiplier=Total Assets/Total Equity

2018:
Total Assets=8.14
Total Equity=5.60
Equity Multiplier=8.14/5.60=1.45357

2019:
Total Assets=8.11
Total Equity=5.93
Equity Multiplier=8.11/5.93=1.36762

jeff jeffy answered 2 years ago
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