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

SME Company has a debt-equity ratio of 70. Return on assets is 7.8 percent, and total equity is $530,000.
a. What is the equity multiplier? (Do not round intermediate colculations 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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