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Problem 3 - 1 2 Equity Multiplier and Return on Equity [ LO 3 ] Kodi Company has a debt - equity ratio of .

Problem 3-12 Equity Multiplier and Return on Equity [LO3]
Kodi Company has a debt-equity ratio of .70. Return on assets is 8.6 percent, and total equity is $530,000.
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.)
\table[[a. Equity multiplier,,times],[b. Return on equity,,%
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