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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 2020 2021 $ 5,870 4,270 335 $ 1,265 31 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) $ 190 $ 85 960 1,565 800 2,010 $ 2,610 $ 3,000 3,620 3,290 $ 6,230 $ 6,290 $ 1,234 259 $ 975 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 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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