Use the following information to answer this question.Bayside, Inc. 2010 Income Statement ($ in thousands)Net sales$ 7,520Less: Cost of goods sold4,690Less: Depreciation400

Earnings before interest and taxes$ 2,430Less: Interest paid48

Taxable Income$ 2,382Less: Taxes834

Net income$ 1,548

Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands)2009

2010

2009

2010

Cash$ 155$ 260Accounts payable$ 1,765$ 2,200Accounts rec.1,1701,010Long-term debt900700Inventory1,860

2,160

Common stock$ 3,420$ 3,170Total$ 3,185$ 3,430Retained earnings970

1,220

Net fixed assets3,870

3,860

Total assets$ 7,055

$ 7,290

Total liab. & equity$ 7,055

$ 7,290

What is the equity multiplier for 2010?

0.55

2.30

1.00

2.18

1.66