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Kolby Company has a debt - equity ratio of 7 0 . Return on assets is 8 . 5 percent, and total equity is $

Kolby Company has a debt-equity ratio of 70. Return on assets is 8.5 percent, and total equity is $540,000.a. What is the equity multiplier?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.b. What is the return on equity?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.c. What is the net income?Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.

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