Question: is the answer 1.73 or 1.82 do we divide net sales by average fixed costs or just fixed costsneed answer quick Hel Bayside, Incorporated 2021

is the answer 1.73 or 1.82 do we divide net sales by average fixed costs or just fixed costsneed answer quick

is the answer 1.73 or 1.82 do we divide net sales by

Hel Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales $ 5,920 Cost of goods sold 4, 220 Depreciation 330 Earnings before interest and taxes $ 1, 370 Interest paid 29 Taxable income $ 1, 341 Taxes 282 Net income $ 1, 059 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 2020 2021 Cash $ 80 $ 185 Accounts payable $ 1, 430 $ 1, 385 Accounts received 940 780 Long-term debt 750 550 Inventory 1 , 545 2, 000 Common stock 3, 165 3, 220 Total $ 2, 565 $ 2,965 Retained earnings 820 1, 070 Net fixed assets 3 , 600 3,260 Total assets $ 6, 165 $ 6,225 Total liabilities & equity $ 6, 165 $ 6,225 How many dollars of sales were generated from every dollar of fixed assets during 2021? Multiple Choice

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