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Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation

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Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid $6,070 4,240 360 $ 1,470 30 $1,440 504 $ 936 axable Income Less: Taxes Net income Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands) 2009 2009 2010 2010 $110$215Accounts payable 1,555$1,525 610 $3,240$3,280 1,130 Cash ccounts rec. 990 830 Long-term debt 810 1,6652,060Common stock $2,765$3,105 Retained earnings Inventory otal Net fixed assets 880 3,7203,440 otal assets $6,485$6,545 Total liab. &equity $6,4856,545 How many dollars of sales are being generated from every dollar of fixed assets? (use 2010 values) O $0.94 O $1.63 O $1.76 O $0.93 O $1.70

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