(35 Narrow Falls Lumber 2015 Income Statement Net sales $848,600 Cost of goods sold 542,800 147 EBIT Interest Taxable income Taxes Net income Dividends $158,400 $145,800 51 800 94000 $28,200 Narrow Falls Lumber Balance Sheets as of December 31, 2014 and 2015 2015 2014 20152014 32,300 26,900 Accounts payable 78,900 79,200 50,000 40,000 99,500 97,800 Long-term debt 295,600 354,500 Cash Accounts receivable 74,700 72,300 Notes payable Inventory9 Common stock and paid-in surplus ($1 par value) Retained eamings 319,100 Total liabilites 8 170,000 175,000 253300 $913,600 $902 000 Net fixed assets 707 100 705,000 L$913 6001$902000-owners' equity !S13 00 Total assets What is the equity multiplier for 2015? A) 1.71 B) 1.92 C) 1.82 D) 1.87