Question: please show step by step how to solve #3 and #4 INSTRUCTIONS: The remaining portion of the exam consists of 8 short problems worth a

please show step by step how to solve #3 and #4

INSTRUCTIONS: The remaining portion of the exam consists of 8 short problems worth a total of 52 points. Please write legibly. If I cannot read your writing, I can only assume that it is wrong, Additionally, make sure to show your work to demonstrate your underitanding of the methodology required to solve a given problem and your ability to use the formulas correctly. Please round your answer to two decimal places. 3. Coulter Supply has a total debt ratio of .52. What is the equity multiplier? ( 8 points) 4. A firm has a return on equity of 17 percent. The total asset tumover is 2.5 and the profit margin is 9 percent. The total equity is $5,800. What is the net income? ( 5 points)

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