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 Net income $7,720 4,790 410 $2,520 52 $2,468 864 $1,604 Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 165 $ 270 Accounts payable 1,210 1,050 Long-term debt 1,900 2,180 Common stock $3,275 $3,500 Retained earnings 3,910 3,920 $7,185 $7,420 Total liab. & equity 2016 2017 $1,815 $2,270 920 720 3,460 3,190 990 1,240 Total assets $7,185 $7,420 LLU. & equity >/,189 $1,4 What is the equity multiplier for 2017? Multiple Choice .56 times 1.67 times 2.33 times 1.00 times C 2.20 times