# 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 $