Mahoe Corporation has provided the following financial data: Year 1 Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Current assets: Cash $ 105,000 Accounts receivable, net 255,000 Inventory 206,000 Prepaid expenses 44,000 Total current assets 610,000 Plant and equipment, net 1,065,000 Total assets $1,675,000 $ 190,000 220,000 200,000 50,000 660,000 970,000 $1,630,000 $ $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 119,000 88,000 53,000 260,000 110,000 370,000 110,000 80,000 50,000 240,000 110,000 350,000 250,000 70,000 985,000 1,305,000 $1,675,000 250,000 70,000 960,000 1,280,000 $1,630,000 Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $1,330,000 Cost of goods sold 890,000 Gross margin 440,000 Operating expenses 393,571 Net operating income 46, 429 Interest expense 10,000 Net income before taxes 36, 429 Income taxes (308) 10,929 Net income $ 25,500 ALL - LUULAU yuy Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $1,330,000 Cost of goods sold 890,000 Gross margin 440,000 Operating expenses 393,571 Net operating income 46, 429 Interest expense 10,000 Net income before taxes 36, 429 Income taxes (308) 10,929 Net income $ 25,500 Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. The company's equity multiplier at the end of Year 2 is closest to: 1 o o o o