Locker Company has a debt-equity ratio of .8. Return on assets is 7.3 percent, and total equity is $480,000.
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 % = ?
What is the net income? (Do not round intermediate calculations.)
Net income = ?