Transcribed image text: Use the following information to answer this question Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $5,870 4, 120 320 $1,430 25 $1,405 492 $ 913 Net income Cash Accounts reg. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands ) 2016 2017 $ 70 $ 175 Accounts payable 900 740 Long-term debt 1,505 1,980 Common stock $ 2, 475 $2,895 Retained earnings 3,560 3,200 $6,035 $6,095 Total liab. & equity 2016 2017 $1,380 $1,315 730 530 3,125 3,200 800 1,050 Total assets $6,035 $6,095 How many dollars of sales were generated from every dollar of fixed assets during 2017? How many dollars of sales were generated from every dollar of fixed assets during 2017? Multiple Choice $.97 $.96 $1.65 $1.83 $174