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Item6

Item 6 5 points

SME Company has a debt-equity ratio of .80. Return on assets is 7.3 percent, and total equity is $480,000.

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.)