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 $6,170 4,440 $1,350 38 $1,312 459 $ 853 Cash Accounts rec. Inventory Total Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 130 $ 235 Accounts payable 1,070 910 Long-term debt 1,745 2,100 Common stock $2,945 $3,245 Retained earnings 2016 2017 $1,635 $1,665 850 650 3,320 3,320 920 1,170 LOI 15 MELILLA Interest paid Taxable income Taxes Net income 2, 38 $1,312 459 $ 853 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 130 $ 235 Accounts payable 1,070 918 Long-term debt 1,745 2,100 Common stock $2,945 $3,245 Retained earnings 3,780 3,560 $6,725 56,805 Total liab. & equity 2016 2017 $1,635 $1,665 850 650 3,320 3,320 920 1,170 $6,725 $6,805 How many dollars of sales were generated from every dollar of fixed assets during 2017