Smith Corporation 2018 Statement of comprehensive income ($ in millions) Net sales $8,3241 Cost of goods sold $4,988 Depreciation $1,1901 Earnings Before interest and $2,146 taxes Interest paid $320 Taxable income $1,826 Taxes $621 Net income $1,2051 Dividends paid $400 $805 Addition to retained earnings Cash Accounts rec. Inventory Total Net fixed assets Smith Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions) 2017 2018 $5,415 $3,341 Accounts payable $2,460 $979 Notes payable 2,4051 2,885 Total 10,280 7,205 Long-term debt 12,300 16,720 Common stock Retained earnings 22,580 23,925 Total liabilities and Owner's equity 2017 2018 1,1101 1,650 2,500 1,900 3,610 3,550 4,8001 4,600 5,1001 5,900 9,070 9,8751 22,580 23,925 Total assets What is the equity multiplier for 2018? Multiple Choice 0.29 0.66 1.17 1.52