Klein Corporation Has Provided the Following Data The Company's Equity Multiplier Is Closest To:
A)1

Klein Corporation has provided the following data: $\begin{array}{lrr}&\text { Year 2 } &{\text { Year 1 }} \\\text { Total assets }&\$ 1,337,000 & \$ 1,310,000 \\\text { Total liabilities }&\$ 598,000 & \$ 580,000 \\\text { Total stockholders' equity }&\$ 739,000 & \$ 730,000\end{array}$ The company's equity multiplier is closest to:

A) 1.24
B) 0.56
C) 1.80
D) 0.81

Correct Answer:

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