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Consider these selected accounts from the balance sheet of Company J. 2019 2020 Accounts Receivable 11,393 12,101 Inventory 802 1,179 Property, Plant & Equipment 24,892
Consider these selected accounts from the balance sheet of Company J. 2019 2020 Accounts Receivable 11,393 12,101 Inventory 802 1,179 Property, Plant & Equipment 24,892 27,207 TOTAL ASSETS 37,087 40,487 Accounts Payable 13,563 12,801 Mortgage Payable 10,412 13,678 TOTAL LIABILITIES 23,975 26,479 Common Stock 5,072 7,984 Retained Earnings 8,040 6,024 TOTAL EQUITY 13,112 14,008 What is the equity multiplier of Company J? 0 1 1.58 2.86
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