Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance $ 51.000 $ 46,000 Accounts receivable $ 98,000 $ 70,000 Inventory $ 77,800 98,000 Current assets $ 226,800 $ 214,000 Total assets $ 868,000 $ 956,200 Current liabilities $ 90,000 $ 96,000 Total liabilities $ 218,000 $ 196,200 Common stock, $1 par value $ 172,000 $ 172,000 Total stockholders' equity $ 550,000 $760,000 Total liabilities and stockholders equity $ 868,000 $956,200 Cash $ Sales (all on account) Cont of goods sold Gross margin Het operating income Interest expense Net Income This Year $1,160,000 $672,800 $ 487,200 $ 352.750 5 17,000 $ 235,025 15. What is the equity multiplier? (Round your answer to 2 decimal places.)