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Year 2 Year 1 $250, 000 Accounts receivable, net Inventory Total assets Total stockholders' equity $ 266,000 $162,000190,000 $1,415,000 $ 991,000 $1,390,000 $970,000 Sales (all
Year 2 Year 1 $250, 000 Accounts receivable, net Inventory Total assets Total stockholders' equity $ 266,000 $162,000190,000 $1,415,000 $ 991,000 $1,390,000 $970,000 Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's equity multiplier at the end of Year 2 is closest to: Multiple Choice 1.43 0.43 2.34 0.70
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