Shelton Company has a debt/equity ratio of 1.43. Return on assets is 7.68 percent and total equity is $715,000.

What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, for example, 32.16.)

Equity multiplier times

What is the return on equity? (Do not round intermediate calculations and enter your answer as a percentage rounded to 2 decimal places, for example, 32.16.)

Return on equity %

What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, for example, 32.)

Answer rating: 100% (QA)

a Equity multiplier is computed as shown below 1 debtequi... View the full answer