Use the following information to answer this question Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Not income $7.520 4,690 400 $2,430 48 $2,382 834 $1,548 Cash Accounts rec. Inventory Total Net fixed asseto Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 155 5 260 Accounts payable 1,170 1,010 Long-term debt 1,860 2,160 Common stock $3,185 $3,430 Retained earnings 3,870 3,860 $7,055 $7,290 Total liab. & equity 2016 2017 $1,765 $2,200 900 700 3,420 3,170 970 1,220 $7,055 $7,290 What is the equity multiplier for 2017? Multiple Choice 2.30 times 2.18 times