Given the following balance sheet of firm ABC, what is the firm's equity multiplier? Balance Sheet (millions of $) Year 2017 Assets Cash and securities $ 13.5 Accounts receivable 22.5 Inventories 16 Total current assets $52 Net plant and equipment $30 Total assets $82 Liabilities and Equity. Accounts payable $ 2.5 Accruals 7.5 Notes payable 11 Accounts payable $ 2.5 Accruals 7.5 Notes payable 11 Total current liabilities $21 Long-term bonds $34 Total liabilities $55 Common stock $ 16 Retained earnings 11 Total common equity $27 Total liabilities and equity $82 O 3.04 3.33 3.91 3.72