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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 $6,220 4,540 390 $1,290 42 $1,248 437 $ 811 Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 2017 $1,685 $1,735 670 3,360 3,340 940 1,190 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets $ 140 $ 245 Accounts payable 1,110 1,7852,120 Common stock 950 Long-term debt 870 $3,035 $3,315 Retained earnings 3,820 3,620 $6,855 $6,935 Total liab. & equit;y $6,855 $6,935 How many dollars of sales were generated from every dollar of fixed assets during 2017
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