Question Completion Status: 6 7 5 8 9 2 3 4 Question 6 CLO3 [Formula Sheet Formula Sheet pdf) The following is balance sheet for S&S Air Inc. S&S Alr, Inc. 2009 Balance Sheet Assets Liabilities & Equity Current assets Current liabilities Cash $365,040 Accounts payable $ 715,680 Accounts receivable 1,534,680 Notes payable 1,446,400 Inventory 1,238,500 Total current liabilities $ 2,162,080 Total current assets $ 3,138,220 Foud assets Long-term debt $ 3,825,000 Net piant and equipment $12,315,680 Shareholder equity Common stock S 150,000 Retained earnings 9,316,820 Total equity Total assets $. 9,466.820 $15.453.900 Total liabilities & equity $15,453.900 Required: Compute the Equity multiplier. (3 marks) TTT A 03120 VERSES