What is the equity multiplier and return on equity

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Reference no: EM13950322

Rainbow Company has a debt-equity ratio of 1.36. Return on assets is 7.61 percent, and total equity is $680,000. Requirement 1: What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Equity multiplier times Requirement 2: 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 % Requirement 3: What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount (e.g., 32).) Net income $

Reference no: EM13950322

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