Use the following information to answer this question. Net sales Bayside, Inc. 2017 Income Statement ($ in thousands) Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $5,970 4,320 340 $1,310 33 $1,277 447 $ 830 Cash Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 90 $ 195 Accounts payable 980 820 Long-term debt Common stock Retained earnings Accounts rec. Inventory Total Net fixed assets. Total assets 1,585 2,020 $2,655 $3,035 3,640 3,320 $6,295 $6,355 Total liab. & equity 2016 2017 $1,480 $1,455 770 3,205 570 3,240 840 1,090 $6,295 $6,355 How many dollars of sales were generated from every dollar of fixed assets during 2017? Multiple Choice $1.72 $.94 $1.64 $.95 $1.80 A firm has sales of $4,800, costs of $2,600, interest paid of $175, and depreciation of $485. The tax rate is 35 percent. What is the cash coverage ratio? Multiple Choice 16.70 times 9.80 times 5.72 times 12.57 times 8.49 times