Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands)...

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Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales $ 5,920 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income 4,220 330 $ 1,370 29 $ 1,341 Тахев 282 Net income $ 1,059 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 2020 2021 Canh $ 80 $ 185 Accounta payable Long-term debt Common stock $ 1,430 $ 1,385 Accounts received 940 780 750 550 Inventory 1,545 2,000 3,165 3,220 Total $ 2,565 3,600 $ 6,165 $ 2,965 Retained earnings 820 1,070 Net fixed assets 3,260 Total assets $ 6,225 Total liabilities & equity $ 6,165 $ 6,225 How many dollars of sales were generated from every dollar of fixed assets during 2021? How many dollars of sales were generated from every dollar of fixed assets during 2021? Multiple Choice $.96 $1.82 $.95 $1.64 $1.73 Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales $ 5,920 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income 4,220 330 $ 1,370 29 $ 1,341 Тахев 282 Net income $ 1,059 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 2020 2021 Canh $ 80 $ 185 Accounta payable Long-term debt Common stock $ 1,430 $ 1,385 Accounts received 940 780 750 550 Inventory 1,545 2,000 3,165 3,220 Total $ 2,565 3,600 $ 6,165 $ 2,965 Retained earnings 820 1,070 Net fixed assets 3,260 Total assets $ 6,225 Total liabilities & equity $ 6,165 $ 6,225 How many dollars of sales were generated from every dollar of fixed assets during 2021? How many dollars of sales were generated from every dollar of fixed assets during 2021? Multiple Choice $.96 $1.82 $.95 $1.64 $1.73

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