Question: Use the following information to answer this question. 25 Ints Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation
Use the following information to answer this question. 25 Ints Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 3 00:49:05 $6,020 4,140 350 $1,530 37 $1,493 523 $ 970 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 100 $ 205 Accounts payable 950 790 Long-term debt 1,625 2, e4e Common stock $2,625 $3,035 Retained earnings 3,680 3,380 $6,355 $6,415 Total liab. & equity 2016 2017 $1,525 $1,455 790 590 3,200 3,260 860 1, 11e - $6,355 $6,415 How many dollars of sales were generated from every dollar of fixed assets during 2017
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