Use the following information to answer this question:

Windswept, Incorporated

$2024$ Income Statement

$($$ in millions$)$

Net sales $ $10,500$

Cost of goods sold $7,850$

Depreciation $410$

Earnings before interest and taxes $ $2,240$

Interest paid $96$

Taxable income $ $2,144$

Taxes $450$

Net income $ $1,694$

Windswept, Incorporated

$2023$ and $2024$ Balance Sheets

$($$ in millions$)$

$2023202420232024$

Cash $ $260$ $ $290$ Accounts payable $ $1,710$ $ $1,752$

Accounts received $1,070970$ Long$-$term debt $1,0501,333$

Inventory $1,9401,715$ Common stock $3,3203,010$

Total $ $3,270$ $ $2,975$ Retained earnings $630880$

Net fixed assets $3,4404,000$

Total assets $ $6,710$ $ $6,975$ Total liabilities & equity $ $6,710$ $ $6,975$

What is the equity multiplier for $2024?$