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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,320 Cost of goods sold 4,740

Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales $ 6,320
Cost of goods sold 4,740
Depreciation 410
Earnings before interest and taxes $ 1,170
Interest paid 50
Taxable income $ 1,120
Taxes 392
Net income $ 728

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
2016 2017 2016 2017
Cash $ 160 $ 265 Accounts payable $ 1,785 $ 1,875
Accounts rec. 1,190 1,030 Long-term debt 910 710
Inventory 1,865 2,160 Common stock 3,440 3,380
Total $ 3,215 $ 3,455 Retained earnings 980 1,230
Net fixed assets 3,900 3,740
Total assets $ 7,115 $ 7,195 Total liab. & equity $ 7,115 $ 7,195

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

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