SME Company has a debt-equity ratio of 57. Return on assets is 7.9 percent, and total equity is $620,000 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 2 decimal places, e.g., 32.16.) a. Equity multiplier b. Return on equity c. Net income 2018 Assets 2017 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current liabilities 14,105 Accounts payable $ 46,382 32.815 Notes payable 18,246 57,204 $ $ Current assets Cash Accounts receivable Inventory 12,157 29,382 54.632 $ 49,276 19,784 Book Det Total $ 96,171 $ 104124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 50.000 299,784 $ 50.000 315,894 Net plant and equipment $367.241 $375,830 Total 5349.784 $365,894 Total assets $463.412 S479,954 Total liabilities and owners equity $ 463,412 $479,954