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Rainbow Company has a debt-equity ratio of .95. Return on assets is 7.5 percent, and total equity is $735,000. Requirement 1: What is the equity
Rainbow Company has a debt-equity ratio of .95. Return on assets is 7.5 percent, and total equity is $735,000.
Requirement 1:What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Equity multiplier times
Requirement 2:What is the return on equity? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Return on equity %
Requirement 3:What is the net income? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount (e.g., 32).)
