Question: Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Pickler Company has a debt-equity ratio of 1.39. Return on assets is 7.64 percent, and

 Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Pickler

Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Pickler Company has a debt-equity ratio of 1.39. Return on assets is 7.64 percent, and total equity is $695,000. 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.) Equity multiplier b. Return on equity c. Net income 2.39 times 18.261%

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