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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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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
5th Edition
0131445650, 9780131445659
