Help Save & Exit $ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $6,420 4,140 345 $1,935 37 $1,898 664 $1,234 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 100 $ 205 Accounts payable 950 790 Long-term debt 1,640 2,050 Common stock $2,690 $3,045 Retained earnings 3,650 3,530 $6,340 $6,575 Total liab. & equity 2016 $1,489 800 3,200 860 2017 $1,815 590 3,060 1,119 $6,340 $6,575 What is the equity multiplier for 2017