Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
		2016			2017				2016			2017
Cash	$	145		$	250		Accounts payable	$	1715		$	2130
Accounts rec.		1130			970		Long-term debt		880			680
Inventory		1820			2140		Common stock		3380			3150
Total	$	3095		$	3360		Retained earnings		950			1200
Net fixed assets		3830			3800
Total assets	$	6925		$	7160		Total liab. & equity	$	6925		$	7160

What is the equity multiplier for 2017?

A. 2.16 times

B. 1.65 times

C. 1.00 times

D. 0.55 times

E. 2.27 times