Soran Freight Forwarding has total assets of $694,800 at yea…
Soran Freight Forwarding has total assets of $694,800 at year’s end. The beginning owners’ equity was $362,400. During the year, the company had sales of $711,000, a net profit margin of 5.2 percent, a tax rate of 21 percent, and paid $12,500 in dividends. What is the equity multiplier at year end?