Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in...
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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 W $6,020 4,240 325 $1,455 29 $1,426 499 $ 927 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 80 $ 185 Accounts payable 940 780 Long-term debt 1,560 2,010 Common stock $2,589 $2,975 Retained earnings 3,570 3,410 $6,150 $6,385 Total liab. & equity 2016 2017 $1,445 $1,745 76e 550 3,125 3,020 820 1,070 $6,150 $6,385 What is the equity multiplier for 2017
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