Use the following information to answer this question. ABC, Inc. 2019 Income Statement ($ in millions) Net sales $ 9,300 Cost of goods sold 7,450 Depreciation 370 Earnings before interest and taxes $ 1,480 Interest paid 91 Taxable income $ 1,389 Taxes 486 Net income $ 903 ABC, Inc. 2018 and 2019 Balance Sheets ($ in millions) 2018 2019 2018 2019 Cash $ 180 $ 210 Accounts payable $ 1,230 $ 1,422 Accounts rec. 880 780 Long-term debt 1,020 1,253 Inventory 1,630 1,595 Common stock 3,230 2,930 Total $ 2,690 $ 2,585 Retained earnings 1,490 1,740 Net fixed assets 4,280 4,760 Total assets $ 6,970 $ 7,345 Total liab. & equity $ 6,970 $ 7,345 What is the equity multiplier for 2019?