Jones MfgHas Current Assets of $26,900,net Working Capital of $8,200,long-Term Debt

Multiple Choice

Jones Mfg.has current assets of $26,900,net working capital of $8,200,long-term debt of $21,500,and total equity of $57,800.What is the equity multiplier?

A) 1.70
B) 1.59
C) 1.66
D) 1.80
E) 1.99