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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,220 Cost of goods sold 4,540

Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales $ 6,220
Cost of goods sold 4,540
Depreciation 390
Earnings before interest and taxes $ 1,290
Interest paid 42
Taxable income $ 1,248
Taxes 437
Net income $ 811

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
2016 2017 2016 2017
Cash $ 140 $ 245 Accounts payable $ 1,685 $ 1,735
Accounts rec. 1,110 950 Long-term debt 870 670
Inventory 1,785 2,120 Common stock 3,360 3,340
Total $ 3,035 $ 3,315 Retained earnings 940 1,190
Net fixed assets 3,820 3,620
Total assets $ 6,855 $ 6,935 Total liab. & equity $ 6,855 $ 6,935

How many dollars of sales were generated from every dollar of fixed assets during 2017?

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