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Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before
Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 6,020 4,140 350 $ 1,530 37 $ 1,493 523 $ 970 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 Cash Accounts receivable Inventory $ 100 950 1,625 $ 205 Accounts payable $ 1,505 790 2,040 Long-term debt Common stock 790 3,200 2022 $ 1,455 Total $ 2,675 Net fixed assets 3,680 $ 3,035 3,380 Retained earnings 590 3,260 860 1,110 Total assets $ 6,355 $ 6,415 Total liabilities & equity $ 6,355 $ 6,415 How many dollars of sales were generated from every dollar of fixed assets during 2022?
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