Question

Western Hardwoods has total equity of 318456, a profit margin of 3.79 percent, and an equity multiplier of 1.68. What is the value of the company's total assets?

1) 318,456
2) 189,456
3) 534,456
4) Cannot be determined

Answer 1

The value of the company's total assets is $534,456.

Step-by-step explanation:

To find the value of the company's total assets, we can use the formula: Total Assets = Total Equity x Equity Multiplier.

Given that the total equity is $318,456 and the equity multiplier is 1.68, we can substitute these values into the formula to get: Total Assets = $318,456 x 1.68 = $534,456.

Therefore, the value of the company's total assets is $534,456.