Required Information 15 The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this year's financial statements: es Cash Accounts receivable Inventory Current assets Total assets Current liabilities. Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income. Interest expense Net incone This Year $750,000 $440,000 $310,000 $ 162,000 $ 9,000 $107,100 Ending Balance. $ 31,000 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $490,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier Ch