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Net sales $ 9,900 Cost of goods sold $ 7,650 Depreciation $ 390 Earnings before interest and taxes $ 1,860 Interest paid $ 88 Taxable
Net sales | $ 9,900 | |||||
Cost of goods sold | $ 7,650 | |||||
Depreciation | $ 390 | |||||
Earnings before interest and taxes | $ 1,860 | |||||
Interest paid | $ 88 | |||||
Taxable income | $ 1,772 | |||||
Taxes | $ 620 | |||||
Net income | $ 1,152 | |||||
Cash | $ 220 | $ 250 | Accounts payable | $ 1,540 | $ 1,632 | |
Accounts rec. | $ 990 | $ 890 | Long-term debt | $ 1,010 | $ 1,293 | |
Inventory | $ 1,750 | $ 1,655 | Common stock | $ 3,240 | $ 2,970 | |
Total | $ 2,960 | $ 2,795 | Retained earnings | $ 530 | $ 780 | |
Net fixed assets | $ 3,360 | $ 3,880 | ||||
Total assets | $ 6,320 | $ 6,675 | Total liab. & equity | $ 6,320 | $ 6,675 |
What is the equity multiplier for 2017?
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