Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales	$	5,820
Cost of goods sold		4,170
Depreciation		325
Earnings before interest and taxes	$	1,325
Interest paid		27
Taxable income	$	1,298
Taxes		454
Net income	$	844

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
		2016			2017				2016			2017
Cash	$	75		$	180		Accounts payable	$	1,405		$	1,350
Accounts rec.		920			760		Long-term debt		740			540
Inventory		1,525			1,990		Common stock		3,145			3,210
Total	$	2,520		$	2,930		Retained earnings		810			1,060
Net fixed assets		3,580			3,230
Total assets	$	6,100		$	6,160		Total liab. & equity	$	6,100		$	6,160

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

Multiple Choice

• $1.71

• $1.63

• $.94

• $.95

• $1.80