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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 4,190

Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales $ 5,970
Cost of goods sold 4,190
Depreciation 355
Earnings before interest and taxes $ 1,425
Interest paid 39
Taxable income $ 1,386
Taxes 485
Net income $ 901

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
2016 2017 2016 2017
Cash $ 105 $ 210 Accounts payable $ 1,530 $ 1,490
Accounts rec. 970 810 Long-term debt 800 600
Inventory 1,645 2,050 Common stock 3,220 3,270
Total $ 2,720 $ 3,070 Retained earnings 870 1,120
Net fixed assets 3,700 3,410
Total assets $ 6,420 $ 6,480 Total liab. & equity $ 6,420 $ 6,480

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

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