Rainbow Company has a debt-equity ratio of 1.34. Return on assets is 7.59 percent, and total equity is $670,000. Requirement 1: What is the equity multiplier? (Round your answer to 2 decimal places (e.g., 32.16).) Equity multiplier Requirement 2: What is the return on equity? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Return on equity % Requirement 3: What is the net income? (Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount (e.g., 32).) Net income $

Rainbow Company has a debt-equity ratio of 1.34. Return on assets is 7.59 percent, and total equity is $670,000.  

Requirement 1:

What is the equity multiplier? (Round your answer to 2 decimal places (e.g., 32.16).)

 

Equity multiplier

 

Requirement 2:

What is the return on equity? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

 

Return on equity

%

 

Requirement 3:

What is the net income? (Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount (e.g., 32).)

 

Net income

$