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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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General Accounting
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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