Given the following balance sheet calculate the equity multiplier.

54,061 5.272 Current Assets Cash Marketable securities (Note A) Accounts receivable, less allowance for doubtful counts of $448 in 2007 and $417 in 2006 Inventories (Note A) Prepaid expenses Total current assets Froperty. Plant, and Equipment (Notes A, C and E) Land Buildings and leasehold improvements Equipment 8,960 47041 512 65.846 811 18.273 21.523 100607 11.528 29.079 373 595,298 Less accumulated depreciation and amortization Net property, plant, and equipment Other Assets (Note A) Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable--banks (Note B) Current maturities of long-term debt (Note C) Accrued liabilities Total current liabilities Deferred Federal Income Taxes (Notes A and D) Long-Term Debt (Note C) Commitments (Note E) Total liabilities Stockholder's Equity Common stock, pur value S1, authorized, 10,000,000 shares, issued 4,803,000 shares in 2007 and 4.594,000 shares in 2006 (Note F) Additional pald-in capital Retnined earnings Total stockholders' cquity Total Liabilities and Stockholders' Equity $14.294 5.614 1,884 5,669 27.461 843 21.059 49.363 4.803 957 40.175 45.935 $95.298