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,

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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