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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 $

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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$  

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