Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands)
Net sales $ 5,970
Less: Cost of goods sold 4,320
Less: Depreciation 340
Earnings before interest and taxes 1,310
Less: Interest paid 33
Taxable Income $ 1,277
Less: Taxes 447
Net income $ 830
Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands)
2009 2010 2009 2010
Cash $ 90 $195 Accounts payable $ 1,480 $ 1,455
Accounts rec. 980 820 Long-term debt 770 570
Inventory 1,585 2,020 Common stock $ 3,205 $ 3,240
Total $ 2,655 $ 3,035 Retained earnings 840 1,090
Net fixed assets3,640 3,320
Total assets $ 6,295 $ 6,355 Total liab. & equity $ 6,295 $ 6,355
How many dollars of sales are being generated from every dollar of fixed assets? (use 2010 values)
a. $1.72
b. $0.94
c. $0.95
d. $1.64
e. $1.80

e. $1.80

Explanation:

Calculation for How many dollars of sales are being generated from every dollar of fixed assets

Using this formula

Sales generated by every dollar of fixed assets= Net sales/Fixed assets

Let plug in the formula

Sales generated by every dollar of fixed assets= 5,970/3,320

Sales generated by every dollar of fixed assets= $1.798

Sales generated by every dollar of fixed assets=$1.80 (Approximately)

Therefore How many dollars of sales are being generated from every dollar of fixed assets will be $1.80

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

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those r all of them i believe