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Business, 11.12.2019 19:31 mohammedel04

"use the following information to answer this question. bayside, inc. 2017 income statement ($ in thousands) net sales $ 5,870 cost of goods sold 4,270 depreciation 335 earnings before interest and taxes $ 1,265 interest paid 31 taxable income $ 1,234 taxes 432 net income $ 802 bayside, inc. 2016 and 2017 balance sheets ($ in thousands) 2016 2017 2016 2017 cash $ 85 $ 190 accounts payable $ 1,455 $ 1,420 accounts rec. 960 800 long-term debt 760 560 inventory 1,565 2,010 common stock 3,185 3,230 total $ 2,610 $ 3,000 retained earnings 830 1,080 net fixed assets 3,620 3,290 total assets $ 6,230 $ 6,290 total liab. & equity"
how many dollars of sales are being generated from every dollar of fixed assets? (use 2010 values)
$1.72
$0.94
$0.95
$1.64
$1.80

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