Problem 3-12 Equity Multiplier and Return on Equity [LO3] SME Company has a debt-equity ratio of .70. Return on assets is 8.5 percent, and total equity is $540,000. What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return on equity 1% What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole number, e.g., 32.) Net income