Question: Saved Help Save & Exl Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of

Saved Help Save & Exl 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 $6,520 4,190 350 $1,980 39 $1,941 679 $1,262 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 105 $ 210 Accounts payable 970 810 Long-term debt 1,660 2,060 Common stock $2,735 $3,080 Retained earnings 3,670 3,560 $6,405 $6,640 Total liab. & equity 2016 2017 $1,515 $1,850 800 600 3,220 3,070 870 1,120 $6,405 $6,640 What is the equity multiplier for 2017? Multiple Choice 1.58 times 1.02 times 2.16 times .53 times 2.07 times

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