Question: Problem 3-12 Equity Multiplier and Return on Equity [LO3] SME Company has a debt-equity ratio of 60. Return on assets is 8.1 percent, and total

Problem 3-12 Equity Multiplier and Return on Equity [LO3] SME Company has a debt-equity ratio of 60. Return on assets is 8.1 percent, and total equity is $515,000. points Skipped What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) eBook Equity multiplier Hint What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, eg.. 32.16.) References Return on equity What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole number, e.g. 32.) Net income

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