Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73,700 Inventory $ 82,000 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 998,000 Current liabilities $ 93,000 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, $1 par value $ 178,000 $ 178,000 Total stockholders equity $ 680,000 $ 800,000 Total 11abilities and stockholders' equity $900,000 $ 998,000 Sales (all on account) Cost of goods sold Grons margin Net operating income Interest expense Net Income This Year $ 1,210,000 $ 701,800 $ 508,200 $ 378,000 $ 18,000 $ 252,000 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Equity multiplier 0.13