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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before
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 Net income $6,170 4,440 380 $1,350 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 S 235 Accounts payable 1,070 912 Long-term debt 1,745 2,108 Common stock $2,945 $3,245 Retained earnings 3,780 3,560 $6,725 $6,895 Total liab. & equity 2016 $1,635 850 3,320 920 2017 $1,665 650 3,320 1,170 $6,725 $6,885 How many dollars of sales were generated from every dollar of fixed assets during 2017? Multiple Choice $91 $1.73 $163 8.92 $1.68
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