Shelton Company has a debt?equity ratio of 1.28. Return on assets is 7.53 percent, and total equity is $640,000. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times 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.) Return on equity % What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $

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To calculate the equity multiplier return on equity and net income we can ... View the full answer