Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands)Net sales$ 6,020Less: Cost of goods sold4,240Less: Depreciation325Earnings before interest and taxes$ 1,455Less: Interest paid29Taxable Income$ 1,426Less: Taxes499Net income$ 927Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands) 2009201020092010Cash$ 80$ 185Accounts payable$ 1,445$ 1,745Accounts rec.940780Long-term debt760550Inventory1,5602,010Common stock$ 3,125$ 3,020Total$ 2,580$ 2,975Retained earnings8201,070Net fixed assets3,5703,410Total assets$ 6,150$ 6,385Total liab. & equity$ 6,150$ 6,385What is the equity multiplier for 2010?0.522.112.041.041.56