m Saved Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $5,820 4,140 315 $1,365 25 $1,340 469 $ 871 Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 70 $ 175 Accounts payable 900 740 Long-term debt 1,520 1,990 Common stock $ 2,490 $2,905 Retained earnings 3,530 3,350 $6,020 $ 6,255 Total liab. & equity 2016 2017 $1,395 $1,725 740 530 3,085 3,000 800 1,000 Total assets $6,020 $6,255 What is the equity multiplier for 2017? Multiple Choice 1.56 times 2.09 times 2.02 times 1.03 times .51 times 20 of 21 Next >