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A company has net sales of $250,000 and average fixed assets of $100,000. What is the fixed asset turnover ratio? A) 1.5 B) 2.0 C) 2.5 D) 3.0

A company has net sales of $250,000 and average fixed assets of $100,000. What is the fixed asset turnover ratio? A) 1.5 B) 2.0 C) 2.5 D) 3.0

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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A company has net sales of $250,000 and average fixed assets of $100,000. What is the fixed asset turnover ratio? A) 1.5 B) 2.0 C) 2.5 D) 3.0
Transcribed Image Text:A company has net sales of $250,000 and average fixed assets of $100,000. What is the fixed asset turnover ratio? A) 1.5 B) 2.0 C) 2.5 D) 3.0
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