Problem $3-12$ Equity Multiplier and Return on Equity $[$LO$3]$

Kolby Company has a debt$-$equity ratio of $\mathrm{.}70.$ Return on assets is $8\mathrm{.}6$ percent, and total equity is $$530,000.$

a$.$ What is the equity multiplier?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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$.,32\mathrm{.}16.$

c$.$ What is the net income?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$