What is the equity multiplier and return on equity

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SME Company has a debt-equity ratio of .70. Return on assets is 7.0 percent, and total equity is $481,000.

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

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.)

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

Reference no: EM131531602

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