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Question: mayers co has a debtequity ratio of 144 return on...

Question details

Mayers Co has a debt−equity ratio of 1.44. Return on assets is 7.69 percent, and total equity is $720,000.
  
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            $

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