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 $5,970 4,320 340 $1,310 33 $1,277 447 Net income $ 830 Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 90 $ 195 Accounts payable 980 820 Long-term debt 1,585 2,020 Common stock $ 2,655 $3,035 Retained earnings 3,640 3,320 $6,295 $6,355 Total liab. & equity 2016 2017 $1,480 $1,455 770 570 3, 205 3,240 840 1,090 Total assets $6,295 $6,355 How many dollars of sales were generated from every dollar of fixed assets during 2017? Multiple Choice $.94 O $.95 $1.64 O $1.72 O $1.80