Problem 3-10 Equity Multiplier and Return on Equity [LO 2] Shelton Company has a debt-equity ratio of 1.44. Return on assets is 7.69 percent, and total equity is $720,000. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 2.44 times decimal places, e.g., 32.16.) Return on equity What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, 18.76 % e.g, 32.) Net income