Problem 3-10 Equity Multiplier and Return on Equity LO 2] Shelton Company has a debt-equity ratio of 1.29. Return on assets is 7.54 percent, and total equity is $645,000. e.g., 32.16.) Equity multiplier What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent times rounded to 2 decimal places, e.g., 32.16.) Return on equity number ene 320( culations and round your answer to the nearest whole Net incomeS