Use the following information to answer this question: Baya ide. Incorporated 2021 Income Statement (s in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 7,320 4,590 390 $ 2,340 44 $ 2,296 482 $ 1,814 Cash Accounts received Inventory Total Net fixed assets Total assets Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 $ 145 $ 250 Accounts payable 1,130 970 Long-term debt 1,820 2,140 Common stock $ 3,095 $ 3,360 Retained earnings 3,830 3,800 $ 6,925 $ 7,160 Total liabilities & equity 2020 $ 1,715 880 3,380 950 2021 $ 2,130 680 3,150 1,200 $ 6,925 $ 7,160 What is the equity multiplier for 2021? Multiple Choice 2.27 times 100 times 55 times X 2 16 times 165 times