Answered: Fixed assets of TBZ Ltd. are $240,000…

Fixed assets of TBZ Ltd. are $240,000 and the turnover of the company is $900,000. What would be the fixed assets turnover ratio of the company? 3.25 2.76 3.75 3.25

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Fixed assets of TBZ Ltd. are $240,000 and the turnover of the company is $900,000.

What would be the fixed assets turnover ratio of the company?

3.25

2.76

3.75

3.25

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