LO IO Use the following information to answer this question 5 $7, 120 16 in thousand) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 380 $2,250 40 $2,210 774 $1,436 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 135 $ 240 Accounts payable 1,090 930 Long-term debt 1,780 2,120 Common stock $3,005 $3,290 Retained earnings 3,790 3,740 $6,795 $7,030 Total liab. & equity 2016 2017 $1,665 $2,060 860 660 3,340 3,130 930 1,180 $6,795 $7,030 What is the equity multiplier for 2017? Multiple Choice MacBook Air 20 F3