Use the following information to answer this question:

Bayside, Incorporated
2021 Income Statement
($ in thousands)
Net sales	$ 6,520
Cost of goods sold	4,190
Depreciation	350
Earnings before interest and taxes	$ 1,980
Interest paid	39
Taxable income	$ 1,941
Taxes	408
Net income	$ 1,533

Bayside, Incorporated
2020 and 2021 Balance Sheets
($ in thousands)
	2020	2021		2020	2021
Cash	$ 105	$ 210	Accounts payable	$ 1,515	$ 1,850
Accounts received	970	810	Long-term debt	800	600
Inventory	1,660	2,060	Common stock	3,220	3,070
Total	$ 2,735	$ 3,080	Retained earnings	870	1,120
Net fixed assets	3,670	3,560
Total assets	$ 6,405	$ 6,640	Total liabilities & equity	$ 6,405	$ 6,640

What is the equity multiplier for 2021?

Multiple Choice

2.07 times

.53 times

1.02 times

1.58 times

2.16 times