Shelton Company has a debt?equity ratio of 1.38. Return on assets is 7.63 percent, and total equity is $690,000.
What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Equity multiplier times
What is the return on equity? (Do not round intermediate calculations and 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 and round your answer to the nearest whole number, e.g., 32.)
Net income