$\backslash$table$[[2023$ Income Statement$],[$Sales$,$$$,770,000],[$Cost of Goods Sold,$$,340,000],[$Depreciation Expense,$$,95,000],[$Earnings before Interest and Taxes,$$,335,000],[$Interest Expense,$$,19,800],[$Taxable Income,$$,315,200],[$Tax Expense,$$,104,016],[$Net Income,$$,211,184],[$Dividends Paid,$$,10,300],[$Retained Earnings,$$,200,884]]$

$\backslash$table$[[$Balance Sheet$],[,$End of $2023,$Beginnir,of of $2023],[$Cash$,$$$280,000,$$$,122,000],[$Accounts Receivable,$$50,000,$M$,22,300],[$Inventory$,$$$188,000,$$$,119,000],[$Net Fixed Assets,$$630,000,$$$,630,000],[$Total Assets,$$1,148,000,$$$,893,300],[$Accounts Payable,$$158,000,$$$,71,800],[$Long$-$term Debt,$$,14,116,$$$,121,500],[$Common Stock,$$375,000,$$$,300,000],[$Accumulated Retained Earnings,$$600,884,$$$,400,000],[$Total Liabilities & Shareholders' Equity,$$1,148,000,$$$,893,300]]$

Consider the financial statements displayed above. Based on these statements, calculate the firm's equity multiplier as of the end of $2023.$

Note: Report your answer rounded to two decimal points.