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1. Rainbow Company has a debt-equity ratio of 1.31. Return on assets is 7.56 percent, and total equity is $655,000. A. What is the equity

1. Rainbow Company has a debt-equity ratio of 1.31. Return on assets is 7.56 percent, and total equity is $655,000.

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

B. 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).

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

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