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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,020 Cost of goods sold 4,290
Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,020 Cost of goods sold 4,290 Depreciation 365 Earnings before interest and taxes $ 1,365 Interest paid 32 Taxable income $ 1,333 Taxes 467 Net income $ 866 Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 2016 2017 Cash $ 115 $ 220 Accounts payable $ 1,580 $ 1,560 Accounts rec. 1,010 850 Long-term debt 820 620 Inventory 1,685 2,070 Common stock 3,260 3,290 Total $ 2,810 $ 3,140 Retained earnings 890 1,140 Net fixed assets 3,740 3,470 Total assets $ 6,550 $ 6,610 Total liab. & equity $ 6,550 $ 6,610 How many dollars of sales were generated from every dollar
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