Question: Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Pickler Company has a debt-equity ratio of 1.37. Return on assets is 7.62 percent, and
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Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Pickler Company has a debt-equity ratio of 1.37. Return on assets is 7.62 percent, and total equity is $685,000. 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.)
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