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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 5,970 Cost of goods sold 4,320

Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales $ 5,970
Cost of goods sold 4,320
Depreciation 340
Earnings before interest and taxes $ 1,310
Interest paid 33
Taxable income $ 1,277
Taxes 447
Net income $ 830

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
2016 2017 2016 2017
Cash $ 90 $ 195 Accounts payable $ 1,480 $ 1,455
Accounts rec. 980 820 Long-term debt 770 570
Inventory 1,585 2,020 Common stock 3,205 3,240
Total $ 2,655 $ 3,035 Retained earnings 840 1,090
Net fixed assets 3,640 3,320
Total assets $ 6,295 $ 6,355 Total liab. & equity $ 6,295 $ 6,355

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

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