Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $6,220 4,690 Cost of goods sold Depreciation 405 Earnings before interest and taxes $1,125 Interest paid 48 Taxable income $1,077 Taxes 377 Net income $ 700 Bayside, Inc. 2016 and 2017 Balance Sheets (5 in thousands) 2016 2017 Cash $ 155 $ 260 Accounts payable. Long-term debt Accounts rec. 1,170 1,010 1,845 2,150 Inventory Common stock Total $3,170 $3,420 Retained earnings Net fixed assets 3,880 3,710 Total assets $7,050 $7,130 Total liab. & equity How many dollars of sales were generated from every dollar of fixed assets during 2017? 2016 2017 $1,760 $1,840 900 700 3,370 3,420 970 1,220 $7,050 $7,130