Fin Use the following statement of financial position and statement of comprehensive income Blue Bird,...
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Fin Use the following statement of financial position and statement of comprehensive income Blue Bird, Inc. 2018 Statement of comprehensive income Net Sales $12,630 Less: Cost of Goods Sold 8,240 Less: Depreciation 1,010 Earnings Before Interest and Taxes 3,380 Less: Interest Paid 750 Taxable Income $2,630 Less: Taxes 920 Net Income $1.710 2017 2018 Cash Accounts rec. Inventory Total Net fixed assets Total assets Blue Bird, Inc. Statement of financial position Years ended 2017 and 2018 2017 2018 $640 $590 Accounts payable 1,200 1,390 Long-term debt 2,300 2,470 Common stock $4.140 $4,450 Retained earnings 4.640 5,200 $8,7801 $9,650 Total liabilities & equity 2,500 4,000 1,040 2.800 4.500 1.690 $8.780 $9,650 What is the equity multiplier for Bluebird for 2018? * Multiple Choice 1.56
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