What is the firm's equity multiplier?

The balance sheet and income statement shown below are for Koski Inc. Note that the fim has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over Balance Sheet (Millions of) Assets 2010 Cash and securities $1.290 Accounts receivable 9.890 Inventories 13.760 Total current assets $24.940 Net plant and equipment $18,060 Total assets $43.000 Liabilities and Equity Accounts payable $8,170 Notes payable 6,020 Accruals 4.730 Total current liabilities | $18.920 Long-term bonds $5,813 Total debt $27.735 Common stock $5,805 Retained eamings 9,460 Total common equity $15.265 Total liabilities and equity $43.000 Income Statement (Millions of s) 2010 Net sales $51,600 Operating costs except depreciation 48,246 Depreciation 903 Eamings bef interest and taxes (EBIT) $2,451 Less interest 927 Earnings before taxes (EBT) $1.524 Taxes 533 Net income $990 Other data: Shares outstanding (millions) Common dividends (millions of s) Intrate on notes payable & L T bonds Federal plus state income tax rate Year-end stock price 500.00 $346.67 6.25% 35% $23.77 What is the firm's equity multiplier? 2.82 0 3.49 O 2.31 02.14 2.2