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Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets $ 5,870 4,270 335 $ 1,265 31 $ 1,234 259 $ 975 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 $ 190 $ 85 960 1,565 800 2,010 $ 2,610 $ 3,000 3,620 3,290 $ 6,230 $ 6,290 Total liabilities & equity 2020 Accounts payable Long-term debt Common stock Retained earnings How many dollars of sales were generated from every dollar of fixed assets during 2021? 2020 $ 1,455 760 3,185 830 $ 6,230 2021 $ 1,420 560 3,230 1,080 $ 6,290
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