Your company has net sales revenue of $36 million during the year. At the beginning of the year, fixed assets are $8 million. At the end of the year, fixed assets are $10 million. What is the fixed asset turnover ratio? A. 4.50 B. 2 C. 4 D. 3.60

Survey of Accounting (Accounting I)
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ISBN:9781305961883
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Chapter15: Capital Investment Analysis
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What is the fixed assets turnover ratio?

Your company has net sales revenue of $36 million
during the year. At the beginning of the year, fixed
assets are $8 million. At the end of the year, fixed
assets are $10 million.
What is the fixed asset turnover ratio?
A. 4.50
B. 2
C. 4
D. 3.60
Transcribed Image Text:Your company has net sales revenue of $36 million during the year. At the beginning of the year, fixed assets are $8 million. At the end of the year, fixed assets are $10 million. What is the fixed asset turnover ratio? A. 4.50 B. 2 C. 4 D. 3.60
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