Hello,

I need a little help figuring out the answer to this homework problem. Can someone help me?

2. value: Problem 3-2 Equity Multiplier and Return on Equity Locker Company has a debt-equity ratio of.6. Return on assets is 8.4 percent, and total equity is $550,000. What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Equity multiplier What is the return on equity? (Do not round intermediate calculations. 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.) Net income