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Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,170 Cost of goods sold 4,590 Depreciation 395 Earnings before interest and taxes $

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales $ 6,170
Cost of goods sold 4,590
Depreciation 395
Earnings before interest and taxes $ 1,185
Interest paid 44
Taxable income $ 1,141
Taxes 399
Net income $ 742

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
2016 2017 2016 2017
Cash $ 145 $ 250 Accounts payable $ 1,710 $ 1,770
Accounts rec. 1,130 970 Long-term debt 880 680
Inventory 1,805 2,130 Common stock 3,380 3,350
Total $ 3,080 $ 3,350 Retained earnings 950 1,200
Net fixed assets 3,840 3,650
Total assets $ 6,920 $ 7,000 Total liab. & equity $ 6,920 $ 7,000

How many dollars of sales were generated from every dollar of fixed assets during 2017?

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