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According to the information presented below, can you calculate the Equity Multiplier for Alternatives, INC? *Round your answer to the nearest two decimals (nearest
According to the information presented below, can you calculate the Equity Multiplier for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $12,033,971 Receivables $3,918,495 Inventory $6,581,961 Total Current Assets $22,647,314 Total Non-Current Assets $11,190,510 Payables $2,526,255 Total Current Liabilities $10,239,743 Total Liabilities $13,084,499 Number of Shares Outstanding 1,418,522 Shareholders' Equity ??? Price per Share $114 Alternatives, INC Income Statement Extract Total Revenue $47,236,478 Cost of Goods Sold $25,191,206 Depreciation $860,708 Operating Expenses $14,484,414 Interest Expense $2,094,679 Earnings before Interest and Taxes ??? (EBIT) Net Income Payout Ratio ??? 44
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