Find the return on equity

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Reference no: EM131985503

SME Company has a debt-equity ratio of .80. Return on assets is 7.4 percent, and total equity is $460,000.

What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier

What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return on equity

What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole number, e.g., 32.) Net income

Reference no: EM131985503

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