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Pickler Company has a debt-equity ratio of 1.43. Return on assets is 7.68 percent, and total equity is $715,000. a. What is the equity multiplier?
Pickler Company has a debt-equity ratio of 1.43. Return on assets is 7.68 percent, and total equity is $715,000.
a.What is the equity multiplier?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.What is the return on equity?(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?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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